Episode 147: Who Pays the Gift Tax?

Are you ready to give significantly but wondering what that will do to your taxes? Understanding your options ahead of time can go a long way when it comes to taxes.

 

Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-147-who-pays-the-gift-tax

 

What we discuss on this episode:

0:34 - David has a new grandson!

4:08 - Let’s talk about the gift tax.

5:48 - Do you give money to a 501(c)(3) organization?

7:38 - You can give through a qualified charitable contribution.

9:28 - How much can you give to your kids or grandkids?

12:24 - What exceptions to the rule should you keep in mind?