Make Gifts to Minimize Estate Taxes
Consider making gifts before year-end to minimize estate taxes. For example, you can give away $13,000 a year to a donee ($26,000 if you are married and your spouse elects to participate) without having to pay the gift tax, thereby reducing your estate tax liability.
Year-End Tax Review Meeting
Estimate your taxes due for the year, and set up an appointment with us at www.cillierscpa.com to determine what steps you should take before year-end to minimize negative tax consequences.
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