Tag Archives | tax-smart year-end gifts

Plan now to make tax-smart year-end gifts to loved ones

Are you feeling generous this year? Taxpayers can transfer large amounts free of gift taxes to loved ones each year with the proper use of the annual exclusion. For 2022, the exclusion amount is $16,000. The exclusion covers gifts that an individual makes to each recipient each year. So a taxpayer with three children can […]

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