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Bob-Jones
New Member

Is an expense charged to a credit card at the end of the year deductible in the year of charging, or the next year when it is paid?

 
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AnnetteB
Intuit Alumni

Is an expense charged to a credit card at the end of the year deductible in the year of charging, or the next year when it is paid?

Deductible expenses paid with a credit card are considered paid when the charge is made, not when the credit card bill is paid.


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1 Reply
AnnetteB
Intuit Alumni

Is an expense charged to a credit card at the end of the year deductible in the year of charging, or the next year when it is paid?

Deductible expenses paid with a credit card are considered paid when the charge is made, not when the credit card bill is paid.


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