Moceri Minute

Use your annual gift tax exclusion before the end of the year. You can give each person up to $17,000 this year, $34,000 if you are married without paying a gift tax, filing a gift tax return, or tapping into your lifetime estate and gift tax exemption. The recipients are not taxed on the gifts.

Let us know if you have any questions regarding gifting prior to the end of the year!