Business credit card rewards can feel like free money. That 2% cashback on your office supplies or those airline miles from business travel add up quickly. But when tax season rolls around, you might ...
Are business credit card rewards taxable by the IRS? Business credit card rewards can feel like free money. That 2% cashback on your office supplies or those airline miles from business travel add up ...
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Are business credit card rewards taxable?
In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as rebates, not income, meaning the cashback, points, or miles you earn from ...
Rewards earned from credit card purchases are generally treated as rebates and not as income for tax purposes. For example, if you spend $1,000 and get $50 back, your deductible expense becomes $950, ...
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