Why would a rebate be considered income? It is essentially a discount on a purchase.
If you get a rebate on something that is a deductible expense, and you itemize, then a 30% off discount means you only get to claim your actual 70% cost rather than adding 30% to income and claiming a 100% of the cost as a deduction.
If you use a 39 cent coupon at the grocery store, is that income?
If you get a rebate on something that is a deductible expense, and you itemize, then a 30% off discount means you only get to claim your actual 70% cost rather than adding 30% to income and claiming a 100% of the cost as a deduction.
If you use a 39 cent coupon at the grocery store, is that income?
Statistics: Posted by MathWizard — Tue Apr 09, 2024 2:43 pm — Replies 1 — Views 104