Lamarr and Anthiel received a patent in 1941, but the enormous significance of their invention was not realized until decades later. It was first implemented on naval ships during the Cuban Missile Crisis and subsequently emerged in numerous military applications.
Cash back credit card reward programs started out rather simply, offering a flat percentage rate (typically 1 percent of purchases) rebated back to the customer in the form of a check at the end of the year or a statement credit.
Hello, I'm Scott from TurboTax with some information about how you should treat your cash back rewards for tax purposes. You're probably familiar with all the different credit card companies offering cash back rewards or even those mail-in rebate offers you receive on certain goods. But if you think you need to report these rewards on your tax return, youâll be happy to know that it isn't necessary in most cases.