why is credit card cash back not considered taxable income?

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why is credit card cash back not considered taxable income?

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Because it’s not income, it’s more like a discount. Cashback means they give you 5% or whatever, for using their card or service. You’re saving money, not making it.

It isn’t really income. If anything, it’s really a discount. You have to spend your money to get cash back. In practice, all they really did was give back to you money that was already yours.

Because its money you never had, and the card company offering you say 10% cash back is really saying you can borrow €10 and pay us back €9 (they’ll still get you through fees and interest)

You’re not profiting from the arrangement so you wouldnt pay tax on it

Credit cards charge vendors a percent to accept credit cards.

In return they actually give you a smaller percentage.

So you aren’t making anything.