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.