Making lifetime gifts is one of the most common, tried-and-true strategies to reduce estate tax liability. There’s more than one kind of gifting, however, and each type of gift has a different set of requirements. Some gifts and donations are income tax deductible, while others are not, and subject to gift tax. We’ll walk you through the major types of charitable and non-charitable gifts that you might want to consider, as this year draws to an end
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