You know that feeling when you unbox a new Mac for the first time? It’s …
Read More »Pay a Relative's Tuition, Get a Tax Break
NEW YORK – Grandparents eager to give away assets tax-free have received a boost from a recent IRS decision. Under the rules, you can pay directly for someone else’s schooling or medical bills and avoid the gift tax that normally applies to transfers over $12,000 in a single year. That’s …
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