Category Archives: Gift Tax
Do 529 Plan Gifts Get Federal Or State Gift Tax Benefits?
If you choose to establish a 529 savings plan for a beneficiary, you can also elect to set this up for as many beneficiaries as you want. These education saving plans are very popular as estate planning tools, and are very valuable for grandparents who wish to support their grandchildren’s future education. Although you… Read More »
What Is the Gift Tax?
The federal government enables you to take advantage of a program known as the gift tax. Every year, gift tax amounts are announced so that you can make these gifts free of paying any taxes or needing to file a gift tax return. These are known as annual exclusions gifts and the maximum for… Read More »