Blog: annual gift exclusion

 

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What is the Estate Tax and How Does it Work?

Posted on February 17, 2021 by
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Earlier this month, I provided a very brief overview of the estate tax in a vlog.  You can view the vlog here.  In this blog post, I’ll expand on estate tax basics. What is the estate tax?  At its foundation, the estate tax is a tax imposed on the transfer of property upon death.  It […]

Holiday Giving: Will My Gifts Have Tax Consequences?

Posted on December 14, 2020 by
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The holiday season is a time of giving! With Christmas arriving next week, you might be rushing to find last minute gifts for the special people in your life. Have you considered potential tax consequences of those gifts? The annual gift exclusion for 2020 is $15,000. This means that an individual donor may gift $15,000 […]