09-08-2007, 05:34 AM
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$ Saving Jr. College Student
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Join Date: Aug 2007
Posts: 395
Points: 2480.00
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Quote:
Originally Posted by safari
No, you don't need to claim cash back money as income on your tax return. Cash back is similar to rebates, where you get part of the purchase price refunded to you. You don't earn any income that way, so there is nothing to declare.
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Thanks so much!  |