Holiday Gifts with Tax Benefits

Holiday Gifts with Tax Benefits

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Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples: Electric Car Credit – If you purchase an electric car as a holiday gift for your spouse or even…
Taxpayers Find Gift Tax Reporting Confusing

Taxpayers Find Gift Tax Reporting Confusing

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Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries via gifts and thus avoid estate taxes when they pass away. But that does not mean only wealthy taxpayers need to be concerned with the…