Please do not post separate questions about the sa...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
ntbaccam
New Member

What are my tax implications as an authorized payer for a student loan not in my name?

 
2 Replies
Critter
Level 15

What are my tax implications as an authorized payer for a student loan not in my name?

When you pay someone else's school loan for them it is the same as gifting the money to them and they use it to pay the debt.  Gifts to any one person is limited to $15K per person ... amounts in excess of that require the giver to file a gift tax return. 

rjs
Level 15
Level 15

What are my tax implications as an authorized payer for a student loan not in my name?

Please do not post separate questions about the same issue. It's too confusing and hard to follow, and hard to see the whole picture, if information is scattered in multiple threads. If you want to add more information or post a follow-up question, add a comment to your original question.

This thread is closed. If you have any further questions related to the student loan payments, continue the discussion under your first question.
Dynamic AdsDynamic Ads
v
Privacy Settings