Are business credit card rewards taxable?
Business credit card rewards are considered a rebate on spending and are not taxable
"I write expert content with the goal of helping consumers make the most of their credit, their money and their lives."
— Holly D. Johnson
Holly Johnson began her career working in the funeral industry, which may make you wonder why she works in personal finance now. Yet, the funeral industry taught the author everything she needs to know about the value of one's money and time. Johnson left the mortuary business a decade ago in order to explore her passion for personal finance and travel the world, and since then, she and her husband have built a debt-free lifestyle that has them on the path to retire very wealthy in their 40s. Holly's love of budgeting also led to the creation of her debt payoff book, “Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love."
Currently, Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
"I write expert content with the goal of helping consumers make the most of their credit, their money and their lives."
— Holly D. Johnson
Business credit card rewards are considered a rebate on spending and are not taxable
Both authorized users and joint applicants can share credit cards, but should they?
Whether a recession is coming or not, consolidating debt with a balance transfer card can make sense.
Custom Choice is best for independent borrowers who have excellent credit.
Learn about Bank of America’s invite-only, tiered incentive program.
The Apple Card offers rewards on all spending, including 3 percent back on Apple purchases. Find out where this card shines and how it stacks up to competition.
When shopping for an MBA student loan, compare APRs across multiple lenders to make sure you’re getting a competitive interest rate.
Read on for more information on this business charge card from American Express.