Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial advisor with estate planning expertise can help you navigate the gift and estate taxes. Connect with a fiduciary advisor […] The post Do I Have to Worry About the Gift Tax If I Give My Son $75,000 Toward a Down Payment? appeared first on SmartReads by SmartAsset.
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