June 15, 2023
Daylight Points are typically not taxable. Cashback rewards for purchases made by you are typically not taxable. However, cash rewards earned for referrals are treated as taxable income.
If the dollar value of taxable rewards is $600 or greater in a single calendar year, Daylight will issue you a 1099-MISC reflecting the amount of taxable income. This information will also be reported to the IRS.
It’s best to consult a tax professional to understand the tax implications of rewards programs in your jurisdiction.
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