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TIL my bank's ATM fee refund counts as taxable income in some states
I was doing my taxes last week and found out that the $47 in ATM fee refunds my credit union gave me over the year might be reportable as interest in California, has anyone else run into this or is my accountant just being extra cautious?
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jennysullivan9d ago
Wow, so the bank basically pays you back and then the state wants a cut of your own money back. That's like getting a birthday gift and your parents charging you rent on it. My guess is your accountant is just covering their bases since California loves to tax anything that moves.
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