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Ask HTM - iPhone Upgrades, Burden of the Gift Tax, & A Potential HSA ‘Gotcha’ #835

How to Money

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Navigating Gift Tax Rules and Financial Prudence

This chapter explores the complexities of gift tax regulations and the importance of balancing generosity with financial caution when giving money to loved ones. It discusses strategies for utilizing gift tax exclusions and highlights scenarios where reporting large gifts to the IRS may be necessary.

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