Do credit card rewards count as taxable income?

Benjamin Franklin generally gets the credit for declaring that nothing is certain in life except for death and taxes. The saying may be true, but you still may be able to avoid the tax man in at least one aspect of your life.

Certain types of credit card rewards are typically considered rebates or discounts and thus not taxable, meaning you can earn them freely without worrying how you’ll pay later on.

Then again, there are some nuances to be aware of as well. One type of bonus commonly associated with credit card rewards is normally counted as taxable income, and you should plan accordingly.

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