By Joy Taylor From Kiplinger’s Personal Finance Financial planners and tax professionals often advise clients to include gifting in their year-end tax planning strategies. There are three main reasons to do this. First, your gifts can help family members and friends. Second, because gifts aren’t subject to income tax, the recipient isn’t taxed on the…
Family Finances: Year-End Gifts Reap Benefits for Donors and Recipients
Gifts of Christmas Past: Buy Secondhand to Give Your Loved Ones the Gift of Nostalgia and Imagination
Christmas is a period for celebrating our relationships with family and friends—a time filled with nostalgia and sentimentality. Of course, for many people, it’s also a time of conspicuous consumption, even if this year in the face of a cost-of-living crisis, spending is expected to fall. But in times of uncertainty and anxiety for the…
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