To give is better than to receive, unless you’re giving more than your fair share to Uncle Sam. As you prepare your holiday gift list, you may opt to give family and friends gifts with lasting value that also offer tax benefits for you.
Consider the following for:
And don’t forget to give a lasting tax-advantaged gift to yourself:
If you have questions or need assistance with year-end financial and tax planning, don’t hesitate to contact the office.
The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.
Gift Giving Considerations for Tax Benefits
December 22, 2020