deductible

Individuals can choose to give tax-deductible gifts to qualified charities. However, the Internal Revenue Service (IRS) does not allow tax deductions for gifts to family members. There are certain exceptions to this rule, such as gifts made to a spouse or to a minor child. However, these exceptions are very narrow and do not apply … Read more

Individuals often wonder whether gifts they give to others are tax deductible. The answer to this question depends on several factors, including the type of gift, the recipient of the gift, and the amount of the gift. In general, gifts are not tax deductible for the donor. However, there are some exceptions to this rule. … Read more