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Gift taxes explained.

CMS Law Firm LLC 503 views

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@overtheedge107
 Could you add references to this topic please? By the way thank you for the quick and clear explanation
Comment from : @overtheedge107


@godesk2402
 I need help with this exact topic Let's say you haven't exceeded the $18,000 limit Let's say you've gifted $17,500 to a single person, is there a way of taking advantage of those tax savings on your next tax return? Can you remove that amount from your income for that year and not pay taxes on it?
Comment from : @godesk2402


@BlueNEXUSGaming
 Super useful to know! I love watching all these IRS educational videos; especially as someone who has never needed to file taxes previously, I find these types of videos especially useful
Comment from : @BlueNEXUSGaming

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