Tax Tips

Jackson Hewitt wants you to get all the deductions and credits you’re entitled to! For that reason, we invite you to view our list of 2014 tax tips and tactics designed to help you reduce your tax burden.

Estate and Gift Taxes


Estate and Gift Taxes

You can generally give money or property to another person without any tax consequences provided the amount does not exceed $14,000 per year. If this amount is exceeded, it must be reported on a gift tax return. The unified credit effectively exempts from tax the first $5,340,000 of such cumulative transfers of gifts.

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