Tax Tip on The Gift Tax: Use It or Lose It

… the recipient. But taxes are seldom owed, even on substantial gifts, because everyone gets a credit that exempts up to $1 million of taxable gifts over your lifetime

Excerpt from:
Tax Tip on The Gift Tax: Use It or Lose It

Tagged with: annual • assets • business and finance • gift • gift-tax-return • largess • lifetime • person • recipient • spouse • your-largess

Filed under: Insurance

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