But does Uncle Sam take a cut of your credit card rewards come tax time? Below, CNBC Select has the details you need to know to understand when you will and won't owe taxes on your credit card ...

If your credit card issuer offers you rewards for making purchases, the IRS considers the rewards a rebate and not taxable income. If an issuer offers you bonus rewards with no purchase requirement, ...

Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.

It does not factor in liabilities like credit card debt or mortgage payments. Even though some forms of income, such as tax-exempt interest, do not increase taxable income, they still impact aid ...

and the Child Tax Credit. It's also used to figure out how much of your Social Security benefits are taxable. FAQs about tax-exempt interest income It indicates an expandable section or menu ...