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URL:  http://boards.fool.com/the-consensus-seems-to-be-quotnot-taxablequot-28433506.aspx

Subject:  Re: Credit Card Cash Back = Taxable Income? Date:  4/11/2010  11:38 PM
Author:  KMQA Number:  110096 of 121585

The consensus seems to be "not taxable" (at least at this time), with the caveats to:

1) make sure not to exceed retirement account contribution limits, and
2) further explore this question if your cashback is related to:
(a) expenses you take as tax credits or deductions
(b) expenses reimbursed by your employer
(c) determining the original cost basis

vkg linked to an interesting article:

http://www.creditcards.com/credit-card-news/frequent-flier-r...

Thanks for the feedback everyone...

KM

p.s. The links to the other threads:

CCs and Consumer Debt: boards.fool.com/Message.asp?mid=28432206&sort=whole
Credit as a Tool: boards.fool.com/Message.asp?mid=28432204&sort=whole
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