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Anonymous
February 4, 2019
Question

My married daughter is an authorized user on my credit card. Are her charges considered a Gift Tax?

  • February 4, 2019
  • 1 reply
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My married daughter is an authorized user on my credit card. I pay all the credit card statements. Are her charges on the credit card considered a Gift Tax?

    1 reply

    P
    Ponygrrrl
    April 18, 2019

    No.  Her charges could potentially be subject to a gift tax, although the annual exclusion for 2018 is $15,000.  You can see more about the details of what the Gift Tax is and what exactly is considered a "gift" at the following link https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes.

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