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Gift Tax

Gift Tax

Gift Tax There is no dollar limit on the amount that one person is allowed to give to another. Gift tax rules do not prohibit a donor from making gifts in excess of the annual exclusion ($15,000 for 2020). However, if more than the annual exclusion is given to any one...
College Financial Aid Planning

College Financial Aid Planning

College Financial Aid Planning Individuals who want to attend college but cannot afford the costs outright must find alternative funding through various types of financial aid. Many factors affect eligibility for federal financial aid; therefore, all students should...