Tag Archives: Gift

Would I Or My Father Have To Pay A Gift Tax If I Give A $50,000 Check To Him From My Savings?

The money was already taxed when I received it as income…does it get taxed again when I give it as a gift to my father?

Do Contributions To A 529 Savings Plan Qualify For The Gift Tax Exclusion?

I understand that an individual can give as much money they want for education expenses without incurring a gift tax, but can you get that same tax treatment if those contributions are into a 529 plan?

My Mom Has A New Baby And I Have A New Brother. What Is The Best Savings Plan I Can Set Him Up With As A Gift?

Would a savings account in a CD, Index, or Money Market fund be better than say a Coverdell savings account? I wish I could start investing at the ripe age of 2 months but since I can’t go back, I’d…

There Is A Company Called Otartel Which Sells Gift Cards To Different Places At Various Savings?

The savings run from 3% – as much as 12% I purchased about $150 worth over a month ago but when I try to go on their website it’s just a blank screen & the phone number always goes to…

My Daughter Received A Savings Bond Gift Certificate, What Do I Do With It?

My daughter received a savings bond gift certificate but I’m not sure what I do with it. It is a piece of paper saying what it is worth but it doesn’t say home to redeem it. Do I just take…