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 non-charitable gifts that you might want to consider, as this year draws to an end
Published: Jul 15, 2025