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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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Best answer by AnnetteB6

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