ALS Network’s Post

💡 Attention older taxpayers! If you're charitably minded and must take required minimum distributions from your traditional IRAs, here's a smart strategy for you. https://hubs.la/Q02FW8Lk0 #TaxPlanning #CharitableGiving #RetirementPlanning

🎁 Maximize Your Year-End Giving! 🎁 As the year wraps up, consider giving cash gifts that offer real tax benefits! 🤑 By gifting to family and friends before December 31, you can reduce your taxable estate while spreading generosity. Here’s how: ✨ 2024 Annual Exclusion: You can gift up to $18,000 per person tax-free. Married? Gift splitting lets you double it to $36,000 per recipient! 💑💸 👨👩👧👦 Example: A couple with three married kids could transfer $216,000 tax-free to their children & their spouses. ❗ Gifting over the exclusion amount? We can handle the gift tax return for you and answer any questions. 📲 Reach out to plan your giving strategy today! 💰🎉 #YearEndPlanning #TaxFreeGifts #GenerosityAndSavings #EstatePlanning #TaxStrategy #FamilyFinances #GiftSmart #FinancialFreedom #BusinessAdvisory

🎁 Maximize Your Year-End Giving! 🎁 As the year wraps up, consider giving cash gifts that offer real tax benefits! 🤑 By gifting to family and friends before December 31, you can reduce your taxable estate while spreading generosity. Here’s how: ✨ 2024 Annual Exclusion: You can gift up to $18,000 per person tax-free. Married? Gift splitting lets you double it to $36,000 per recipient! 💑💸 👨👩👧👦 Example: A couple with three married kids could transfer $216,000 tax-free to their children & their spouses. ❗ Gifting over the exclusion amount? We can handle the gift tax return for you and answer any questions. 📲 Reach out to plan your giving strategy today! 💰🎉 #YearEndPlanning #TaxFreeGifts #GenerosityAndSavings #EstatePlanning #TaxStrategy #FamilyFinances #GiftSmart #FinancialFreedom #BusinessAdvisory

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.

Next year sets the stage for a major tax reform debate. Associations are at risk, and need to be at the table. Join our #ASAE24 pop-up session on Sun, Aug 11 from 1:00 – 2:00pm in Room 3. Sandra Swirski, Founder, Integer, and Jeff Evans, Director of Public Policy, ASAE, and I will break down the issues and how you can join our coalition. #taxreform #ASAE #PowerofAssociations

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.

Your payment of someone else's tuition is a qualified transfer (a nongift gift). You are allowed to make this type of gift without incurring federal gift tax or federal generation-skipping transfer tax (GSTT). The payment must be: (1) for tuition, (2) made to a qualified educational organization, and (3) made directly to the educational organization. This exclusion allows you to pay an unlimited amount and is in addition to the annual gift tax exclusion. Often overlooked, this exclusion is a great way to transfer wealth to children and grandchildren.