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Spouse has credit card debt that I want to pay off but we file separately due to student loans. Can I do this without having to pay a gift tax?
Spouse has credit card debt that I want to pay off but we file separately due to student loans. Can I do this without having to pay a gift tax? My wife and I file separately to keep her income based student loan payments low. She is working for the government so they will forgive her loans after 10 years of service and the savings for us would be substantial. However she also has substantial credit card debt from some earlier hardships and unforseen events. We just sold our house and m...
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