The IRS has become increasingly stringent on tracking income from these sources, and you do not want to subject yourself to a tax penalty because you failed to report your credit card rewards ...

Only taxable income must be reported on your tax return, and most credit card rewards aren’t taxable. That means most people don’t need to report their credit card rewards on their tax returns.

President Trump's new tax legislation offers deductions for tips and overtime, but it may increase federal deficits and affect health insurance coverage.

Budgeting for Travel on a Fixed Income . Set up a travel budget for your excursion after you’ve determined how much you can comfortably spend. “It helps to set aside a small, consistent amount ...

Sometimes, the rewards may be viewed as a rebate or discount, not as income. For example, a rewards program for using your credit card is treated as if it were actually a post-purchase rebate.