Giving Money to Your Children and TAXES

Gifting Money to Children and Taxes: What You Need to Know
Are you considering giving money to your children but worried about the tax implications? In this video, we break down everything you need to know about gifting money to your kids, including the annual gift tax exclusion, how larger gifts are taxed, and ways to stay within the IRS limits. Whether you're planning for your child's future or helping with a major purchase, understanding these rules can help you avoid unnecessary taxes. Stay informed and make smart financial decisions for you and your family!
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