<p>CTScoutmom – I am a CPA with extensive personal income tax and banking experience and bank “incentives” are drastically different than fee “rebates”. Any payment from a bank relating to an interest bearing or demand account would show up in a 1099-INT subject to the $10 limitation. Whether it is called “interest” or not. 3bm103 is correct the $600 threshold applies only to miscellaneous income which would include “rebates” received from banks or non-banks that do not relate to bank accounts. Unless you can provide me a tax court case, code section, or treasury regulation I would have to strongly disagree.</p>