By making gifts, you can lighten your tax burden. But gifting can be tricky, and oftentimes people misunderstand their rights. Trust that Porth & Unrein can advise you to make thoughtful, worry-free decisions.
DID YOU KNOW
You may give another person up to $12,000 per year, without having to pay gift taxes. However, no tax liability doesn’t necessarily mean no gift tax return. Porth & Unrein can advise you on the need to file gift tax returns and how to plan future gifts to reduce or eliminate gift tax assessments. Contact us for more information.