FlyerTalk Forums - View Single Post - [Consolidated] 1099s for miles & cash rewards from all banks
Old Feb 21, 2011, 2:29 pm
  #14  
Jim055
 
Join Date: Apr 2010
Location: SoCal
Programs: Free Agent
Posts: 232
Originally Posted by Happy
Bonuses associated to BANKING PRODUCTS, meaning Checking, Saving, Money Market etc, are subject to tax. And of course the tax owed depends on the recipient's tax bracket.
Bottom line: No Citi banking products for me!
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