Misconceptions About Estate and Gift Taxes

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Misconceptions About Estate and Gift Taxes

Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Dr. Friday 0:13
Estate and gift tax. There are a lot of misconceptions out there. I know I always talk about what you do not have to file a gift tax return. But right now, the exclusion is $5 million for an individual and up to 10 million for a married couple, and adjust it will adjust for inflation. So you know, if you have a house or you want to give something away, might be a time to consider using your lifetime tax credits. There are some ways around it. Call me at 615-367-0819.

Announcer 0:51
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.