Understanding Gift Tax: How to Give Tax-Free
This script explains the concept of untaxed income through gifts, highlighting that gifts below $16,000 from a married couple are not taxed for the recipient. It also clarifies that gift givers do not receive tax benefits and underscores the importance of filing the appropriate gift tax forms for amounts over this threshold. The content is aimed at educating viewers on using gifts to cover significant expenses such as down payments, college tuition, or medical bills without incurring taxes.
00:00 Understanding Untaxed Income: The Basics of Gift Money
