Are car rebates taxed?

Answer Rebates car dealers received by participating in the government's Cash for Clunkers program will owe taxes on the rebates. Consumers are not taxed on car rebates. However, when determining the car'... Read More »

Top Q&A For: Are car rebates taxed

Are federal tax rebates tax free?

Federal tax rebates are tax-free. The United States government does not consider the money it returns to taxpayers as income. Because of this, the government does not inclulde it when calculating i... Read More »

What are mail-in rebates?

A mail-in rebate is an incentive offered to consumers. After purchase, the buyer must mail or email a form, receipt and UPC symbol to receive money back in the form of a check or a promotional cred... Read More »

IRS Rebates for Tax Payers With Children?

Tax rebates and credits are used by the U.S. taxpayers to reduce their annual tax liability. The taxpayers with children have even more opportunities to take advantage of the available IRS tax cred... Read More »

Is it legal to charge tax on in-store rebates?

It is not legal to charge tax on in-store rebates provided that the rebate is from the store and not the manufacturer. A store-sponsored rebate would reduce the amount you would pay for the product... Read More »