The IRS has clarified that while most credit card rewards are not taxable, there are exceptions. Rewards obtained simply for opening a credit card without spending, known as the 'no spend' rule, are taxable and must be reported as income. Similarly, referral bonuses earned for recommending a credit card are also considered taxable income. Taxpayers receiving such rewards may receive a Form 1099-MISC if their rewards exceed $600. A recent survey indicated that 79% of Americans anticipate receiving a tax refund this year, with the average expected refund around $1,700. Many plan to use their refunds for essential expenses, such as rent and groceries. Additionally, taxpayers should be cautious about using credit cards to pay tax bills, as processing fees can range from 1.87% to 2.35%, potentially offsetting the benefits of any rewards earned. The IRS typically issues refunds within 21 days of filing, although delays may occur, especially with paper returns.