Did you receive gift cards over the holidays? Here’s what you need to know.
Your gift card may have value only for a limited time. And the businesses that issued gift cards this year suggest that you redeem you gift card(s) as soon s you can. Lots of the businesses that issued the cards, mostly small businesses, say they might be out of business in a few months.
Also, businesses can’t count the gift card value as income until the card is redeemed.