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Yes, you could owe the IRS: Complete guide to paying taxes on credit card rewards Clint Henderson © Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers. Editor’s note: This post has been updated with new information. It was originally published in March 2019.  It’s that time of year again tax time. TPG is getting many questions not only about whether you should pay any owed taxes with a rewards-earning credit card but also about tax implications on the rewards people have received as sign-up bonuses, for opening new accounts or even for referring friends to bonuses of their own. For tax reasons, the Internal Revenue Service classifies credit card rewards as either bonuses or discounts. Fortunately, discounts, rebates and

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