Dear Angel, We have a few more days left in the year to make gifts but we may hold off until next year. I heard the gift tax and estate tax limits went up for 2020. What will they be for the coming year? Will they stay that way with the election on the horizon? […]
Gift Tax Limit for 2019
Dear Magic, Our daughter is getting married, and she and her fiancé are buying a home. She asked if my wife and I could contribute what we would pay for a wedding ($30,000) towards a home instead, since she only wants a simple exchange of vows at the courthouse. When it comes to taxes, what […]