With summer winding down, the end of the year is right around the corner! Now is the perfect time to start year-end tax planning. At Fairway, we’re here to help prepare you for next year’s taxes and guide you toward better financial outcomes. Wealth Manager Brian Tullio was recently featured in an article by GOBankingRates, where he shared his thoughts on how you can use your annual gift tax exclusion before 2025. “Each taxpayer is eligible to give up to $18,000 annually, or $36,000 if married, without filing a gift tax return or utilizing your lifetime estate and gift tax exemption,” he said. “You either use or lose your annual exclusion, so it’s important to take advantage of the exclusion amount each year.” Click here for the full article.
