Understanding gifting rules before the sunset
When the TCJA expires in 2025, the lifetime exclusion amount for gifting will be reduced, impacting gifting rules and decisions being made today.
Tag: gift tax exclusion
Consider a family loan to avoid a gift tax
With more stringent mortgage lending rules, children may look to borrow money from parents to buy a house.
Consider college savings when making a year-end gift
For investors still contemplating year-end gift ideas, consider giving the gift of education to grandchildren. There is still time to make a gift and fund a 529 college savings plan. The annual gifting limit for 2014 is $14,000 for individuals. A 529 college savings plan also offers a gift tax exclusion that allows five years’
Three year-end gifting strategies
Some estate-planning strategies require action before the end of the year — and clients may want to consider taking advantage of them before they lose the opportunity. Chris Hennessey explains some end-of-the-year gifting and estate-planning advantages. Gift tax exclusion — use it or lose it An individual can gift up to $14,000 per year without