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Originally Posted by craz
(Post 32289241)
Theres also "Take a Discovery Break" got to do some clicking and make sure you get the timing page to open and once it get sto '0' it will count as a Discovery and earn 2 pts for watching
Actually its now alot easier and quicker to do the Daily 5, and why would someone complain that the videos which took apx an hour for 4 pts is better then doing a Watch(nCrave) which gets you 2pts after apx 2-3 mins if that |
Mygiftcardsplus
Accidental discovery. If you buy gift cards through mygiftcardsplus.com, not only do you get points for MyPoints, you also get the Amex Shop Small refund offer if you use an Amex card. Instead of buying multiple cards in one transaction, do each one separately to get the $5 off $10 or more on each purchase. Be sure to put the offer on your Amex card first.
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some help
Went to cash in for UA miles and a pop-up occurs telling me that this cashin will put me over $600 and therefore MYPT will have to report my cashins to The IRS. I guess even thou its hard to get 1 cent per mile they see it as 1 1/2 cents per mile. I tried cashing in even for 1K and same message pops up. So as of yet they dont know my SS could be they will ask for it if I continued with the Reward. My question is has anyone gotten that message and still cahsed in and do they ask for your SS, and did they report it to the IRS. this has to do with earning pts = Rewards from non-purchases
I can always continue and cashin after 12/31 and hope they are still around . TIA |
Originally Posted by craz
(Post 33465010)
Went to cash in for UA miles and a pop-up occurs telling me that this cashin will put me over $600 and therefore MYPT will have to report my cashins to The IRS. I guess even thou its hard to get 1 cent per mile they see it as 1 1/2 cents per mile. I tried cashing in even for 1K and same message pops up. So as of yet they dont know my SS could be they will ask for it if I continued with the Reward. My question is has anyone gotten that message and still cahsed in and do they ask for your SS, and did they report it to the IRS. this has to do with earning pts = Rewards from non-purchases
I can always continue and cashin after 12/31 and hope they are still around . TIA |
Originally Posted by uxb
(Post 33465370)
That’s peak insanity. Also, the points were awarded as a shopping rebate, so its taxation is dubious. I would speak with your tax advisor, but I’d challenge any 1099 they try to issue.
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Originally Posted by craz
(Post 33466358)
As I posted and the pop-up said the max met was based on NON-SPENDING = it wasnt a shopping rebate. I was simply wondering if it was MYPTS way to limit what you can earn w/o having a Limit perse in place.
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Originally Posted by craz
(Post 33466358)
As I posted and the pop-up said the max met was based on NON-SPENDING = it wasnt a shopping rebate. I was simply wondering if it was MYPTS way to limit what you can earn w/o having a Limit perse in place.
To this point, I've claimed whatever ended up in my PayPal account from the GPT programs as income but haven't done anything with what I've redeemed for miles or hotel points because it seemed like the IRS didn't consider those to be income. Guess that might be changing. |
Originally Posted by uxb
(Post 33466404)
How do you earn points? And what is MyPoints’ valuation for their points? I have redeemed points for miles 4-5 times a year and never got that message. I think United values their 5000 miles at $175, so that should’ve put me over the reporting threshold on the fourth redemption (in theory).
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Originally Posted by beachmouse
(Post 33466459)
It's a change in the taxable income reporting law tied to one of the covid relief bills- the threshold for 'must report income to the IRS' went from something like $20K to $600. It's also going to impact a lot of small sellers on ebay, etsy and such.
To this point, I've claimed whatever ended up in my PayPal account from the GPT programs as income but haven't done anything with what I've redeemed for miles or hotel points because it seemed like the IRS didn't consider those to be income. Guess that might be changing. |
Originally Posted by KathyWdrf
(Post 33484697)
Shopping rebates are not taxable income, though -- they are essentially just a discount. One exception would be if you are getting a rebate against something you used as a tax deduction, such as business expenses. But mypoints and other shopping portals have no way of knowing if that is the case. So I guess they are being overly cautious.
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Just wondering, since this thread has been pretty dead, is anyone here still using MyPoints? I am still plugging away and redeeming for 25,000m United miles a year.
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To sone degree though I’m hitting e-rewards the most right now because they’ve got a few redemption offers I have a more immediate use for than United miles.
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I still use it, but I admit that their latest changes are very disappointing.
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I use it for the 1 cent daily for answering the survey. I have it on my website for referrals (a few). Easy. Every once in a while a cash in for an Amazon gift card.
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Originally Posted by arollins
(Post 34154476)
I still use it, but I admit that their latest changes are very disappointing.
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