The donor, or the person giving the gift, is generally responsible for paying any gift tax owed. However, if the donor does not pay the tax, the recipient of the gift may be held liable for the tax in some cases, especially if the donor has passed away. What Types of Gifts Are Subj...
Donor-advised funds, popularized by VC-backed startups like Daffy, allow investors to both directly support select non-profit causes and take advantage of the tax benefits usually enjoyed by foundations and endowments. Betterment faces the interesting challenge of balancing giving the customer ...
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» MORE: Learn how donor-advised funds work and how they can lower your tax bill Disadvantages of itemized deductions You have to understand the rules. As mentioned earlier, some itemized deductions come with a few hurdles. If you have medical expenses, for example, you can only deduct the...
» MORE:Learn how donor-advised funds work and how they can lower your tax bill Disadvantages of itemized deductions You have to understand the rules.As mentioned earlier, some itemized deductions come with a few hurdles. If you have medical expenses, for example, you can onl...