Reaping the Rewards of Generosity

THE  BASICS  OF GIFTING AND GIFT TAXES Linda M. Toga Whether it’s better to give or receive depends on the person—and the circumstances. And although circumstances vary, there are some basic facts that can assist you when considering the upside of gifting. Under current federal law, everybody is allowed to make gifts up to $14,000 each year to an unlimited number of people. Regardless of how many gifts a donor makes during the year, as long as the value of the gifts going to any one recip[...]
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