Credit Cards Cash Back and Rebates - Not Taxable

With all the rebates and cashback that I have recieved this year, I wanted to see whether or not i would have to report this on my taxes. So i found this article from the Wall Street Journal. What it boils down to is this. "the IRS did issue a private-letter ruling in 2002 that said certain card rebates aren't included in a taxpayer's gross income. Although a private-letter ruling applies only to the taxpayer that applied for it, such rulings are considered to be a gauge of the agency's thinking on a particular issue. Tax advisers say rebates are generally considered to be a reduction in purchase price, and not likely to be taxed. Rebates on purchases made for business or investment may have more complex treatment, so consult a tax adviser." So we are safe for now at least!