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Investments glossary

Gift Splitting


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Quotes of the day:

The GOLD in Golden years was identified by the sight impaired. It is actually Rust!!

— Jenny Flowers Strother

Gift splitting is a rule of taxation that allows married couples to split the value of a gift between them to double their allowed gift tax exclusion amount. This is usually something done when helping someone out, when a large sum of money changes hands and they involved parties want to avoid an IRS tax.

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