Why are credit card rebates not taxed as income?

TB - 2007-04-25 08:05:31 - Credit

If interest income from banks is taxable income, why aren't the rebates or rewards paid by credit cards taxable income?

Best Answer:

this is a return of your money that you have all ready paid, it is not considered income but a return of a overpayment.

Answer:

this is a return of your money that you have all ready paid, it is not considered income but a return of a overpayment.