Tag Archive: gift tax exclusion

My Big Fat Message About Holiday Gifts

December 16, 2019 6:38 pm Published by Nina T. Dow

Have you completed your holiday shopping? For some people, the shopping season starts in August; others (including me) still have a few more days before the deadline. Choosing the right gift can be tricky—a book? a Roomba? a gift card (the easy way out)? Or how about a real surprise, as in the 2002 romcom My Big Fat Greek Wedding? In the film, Nia Vardalos, as Fotoula Portokalos, and her fiancé receive her parents’ wedding gift in advance of the holidays—a new home!

I’ll save the gift and estate tax issues that result from such a present for another blog post. Here, let’s take a closer looks at a different type of end-of-year gifting that people ...