Blog: gift and estate tax exemption

 

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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 […]