When you were a kid, money wasn’t always the most exciting holiday gift. You wanted that hot new toy or super-cool video game. Now that you’re older, you love getting cash gifts — and those crisp ...

Understanding the Context

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're the giver or receiver. CBS News: Got a gift card this holiday? Here's how to trade it in or redeem it for cash. Gift cards are one of the most popular presents to give during the holidays, but many people don't get the best bang for their buck.

Cash over Gift Card and Why

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Cash over Gift Card and Why
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Key Insights

Last year, 43% of Americans reported having unused gift cards, ... Got a gift card this holiday? Here's how to trade it in or redeem it for cash. YourErie on MSN: Have a gift card you don’t want? These sites will allow you to exchange it for cash Have a gift card you don’t want?

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Final Thoughts

These sites will allow you to exchange it for cash MSN: 5 steps to turn holiday cash gifts into your first investment