Understanding Gift Taxes: A Guide from a Christian Perspective
Understanding Gift Taxes: A Guide from a Christian Perspective
This episode of Tax Talk Thursday provides a comprehensive guide on understanding gift taxes, focusing on the implications for both the giver and receiver from a Christian perspective. The host explores the biblical view of generous giving, breaks down the federal tax rules regarding gift taxes, including the annual and lifetime exclusions, and explains how these taxes affect the transfer of money or assets. The discussion highlights the annual gift tax exclusion for 2024 set at $18,000 per recipient and the lifetime gift and estate tax exemption amount over $12 million per individual. The episode emphasizes the importance of consulting with tax professionals for specific tax situations while encouraging listeners to give generously and steward their resources in a way that honors Christian values. The host also teases a future episode topic about the value and costs associated with self-storage. Viewers are encouraged to visit the show's website to subscribe, ask questions, or schedule consultations.
00:00 Introduction to Gift Taxes and Today's Episode
00:41 Welcoming Remarks and Setting the Scene
01:07 Diving Into Gift Taxes: Basics and Christian Perspective
03:45 Understanding Gift Tax Exemptions and Exclusions
05:59 Receiving Gifts: Tax Implications and Strategies
07:29 Lifetime Exclusion and Annual Exclusion Explained
11:13 Actionable Advice and Closing Thoughts
-
10:51
Ask Ralph Podcast: Mastering Your Finances with a Christian Perspective
3 days agoBalancing Money, Possessions, and Generosity | Ask Ralph Podcast
26 -
LIVE
WeAreChange
4 hours agoVP Vivek?! Trump Is Walking Into A Debate ‘Lion’s Den’?
1,937 watching -
1:31:18
2 MIKES LIVE
4 hours ago2 MIKES LIVE #83 NEWS BREAKDOWN WEDNESDAY, WITH SPECIAL GUEST FORMER TRUMP OFFICIAL MARK MOYAR
16.9K -
DVR
Michael Feyrer Jr
1 day agoLive Stream
8.56K3 -
50:57
ReasonTV
9 hours agoMike Rowe: Make America stand for something again | The Reason Interview With Nick Gillespie
17.8K13 -
56:42
The Osbournes
1 day ago $0.20 earnedAnti-Sex Beds at The Olympics, Viral Blueberry + Big Osbourne Updates
32.5K28 -
1:31:21
Side Scrollers Podcast
5 hours agoI Used To Love This Game
28.3K2 -
31:28
Digital Social Hour
13 hours agoMaria Ho Reveals The Greatest Poker Player Of All Time | Digital Social Hour
18.3K5 -
23:30
Rob Braxman Tech
9 hours agoFinally. Privacy Focused AI Use is Here!
25.6K9 -
3:03:16
Due Dissidence
11 hours agoBowman LOSES in LANDSLIDE to Latimer, Assange ARRIVES HOME, Van Jones Hits NEW LOW
40K78