Determining whether you need to file a gift tax return can be tricky

Determining whether you need to file a gift tax return can be tricky For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be…

Have you considered making direct payments of tuition and medical expenses?

Have you considered making direct payments of tuition and medical expenses? With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate…