In this video, Deanne Rosso, President & CEO of Elevate Wealth Advisory, is joined by Rob Fezekas, Director of Investment Policy, to explain the tax implications for both the giver and recipient of non-charitable gifts. Rob discusses how recipients generally don't owe taxes on gifts, but may face capital gains taxes if they sell appreciated assets. For givers, there’s an $18,000 annual gift exclusion per recipient ($36,000 for married couples), meaning most gifts fall below the taxable threshold. For larger gifts, Rob explains how the lifetime gift and estate tax exclusion of $13.6 million comes into play.

For more help integrating non-charitable gifts into your financial plan, visit elevate-wealth.com and let’s talk!

🔗 Website: https://elevate-wealth.com
🔗 Facebook: / elevatewealthadvisory
🔗 Instagram: / elevatewealthadvisory

Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips!

#AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #wealthadviceforyourbestlife #election #politics #financialmarkets #financialplanning #yearendgiving #rmds #taxdeadlines #rothira #charity #charitablegiving #charitysupport #taxdeduction

Ver todos los episodios