GIft Giving Tips From the IRS

Associate Editor

on December 22, 2011 TrackBacks (0) Comments (0)

The IRS recently issued year end gift giving tips for taxpayers which include:

1. IRA owners who are 70 years and above can transfer $100,000 directly to any charity tax free

2. In order to claim a deduction for clothing given away worth more than $500, that clothing must be in good condition.

To see more gift giving tips See Gift Tips

Posted by Ian Horowitz, Associate Editor, Wealth Strategies Journal

0 TrackBacks

Listed below are links to blogs that reference this entry: GIft Giving Tips From the IRS.

TrackBack URL for this entry: http://www.wealthstrategiesjournal.com/mt/mt-tb.cgi/6352