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How to Know the Tax Amount I Need to Pay for the Items I Received from the Intel® Retail Edge Program (Intel® REP)?

Content Type: Product Information & Documentation   |   Article ID: 000093866   |   Last Reviewed: 04/26/2023

Description

  • Unable to determine how much I need to pay for the items received from the Intel® Retail Edge Program.
  • Wants to know the total tax amount for the Intel® Retail Edge prize.

Resolution

The total amount taxpayers need to pay each year depends on the total prize value of each item won in a specific year. All taxable items can be found in the Prize Portal. If the total taxable amount exceeds $600, users need to pay the tax.

To access the Prize Portal, follow the steps below:

  1. Log in to the Intel Retail Edge website.
  2. At the upper-right side of the page, click the hamburger menu button (three lines).
  3. Under the Rewards category, select Prize Portal.
  4. The website will be redirected to the home page of the Prize Portal. Click Continue to the Redemption Center to view all prizes won from the program.

Additional information

Taxpayers must report the fair market value of merchandise or products won as a prize or award, as taxable income if totaling $600 or more. The Substitute W9 will help you to complete the necessary tax return forms in order to report your prizes as taxable income.

Related Products

This article applies to 1 products.
Intel® Retail Edge Program