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hey guys it's a bastion for mass Debbie and today we are going to talk about whether credit card signup bonuses and also referrals are taxable and also if they are which one of them is what you can do to mitigate that cost you probably have an idea of why I'm talking about this topic because American Express did send out a bunch of tax forms for referrals as a reminder for all tax related things I would recommend talking to your tax accountant just because you need to make certain decisions and see whether it makes sense starting off of credit card signup bonuses are these taxable so they're not just because they're considered rebates and not income the main reason for this is because you're making purchases in order to get the signup bonus so even if it's something as small as one dollar so maybe you get the bonus after the first purchase there still is a purchase involved this is why you haven't gotten any tax forms for this just because it's not taxable moving on to bank bonuses the

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