Knowledge Hub · Legal & Tax
The legal and tax questions, answered.
Practical, neutral, sourced. Selling loyalty points is legal in the United States. The rules around it are contractual, not criminal. Here is how it all actually works.
Tax reporting
Are Credit Card Rewards Taxable?
Rewards earned by spending are a rebate, not income, per IRS Revenue Ruling 76-96. Selling points is where it changes.
1099-K Rules for Selling Points and Miles in 2026
The restored $20,000 and 200-transaction federal threshold, plus the states that set the bar lower.
When You'll Receive a 1099-MISC for Selling Points
How a $600-and-up payout gets reported, and what the form actually means for your return.
How to Report Points and Miles Sales on Your Taxes
Hobby income, Schedule C, or neither? The practical map for handling a payout at tax time.
State Tax Rules for Selling Loyalty Points
Massachusetts, Vermont, and the other states with lower reporting thresholds than the federal one.
Security & trust
How iBuyPoints Protects Your Account Security
The procedural and technical model behind every transaction, lead with what protects you.
iBuyPoints Pricing and Payout Terms
Quote validity, payment timing, and what changes an offer.
Privacy and Data Protection
What we collect when you request a quote, how it is stored, and when it is deleted.
Ready to Cash Out Your Points?
Get your live estimate in under a minute. Most payouts complete within 1 business day.