Skip to main content

How does Debbie handle tax reporting for rewards?

Written by Jessika Raisor

In order to meet our Internal Revenue Service (IRS) tax reporting requirements, Debbie has an obligation to report $600 or more of rewards earned (including referral bonuses) on Form 1099-MISC. These amounts are reported in the year they are redeemed.

Please note that your reporting obligation may differ, and we recommend consulting a tax advisor to determine the applicable tax consequences.

You will be responsible for any federal, state, or local taxes associated with receiving your rewards.

Did this answer your question?