Feb252021
gift tax exemption and Medicaid

Gift Tax Exemption and Medicaid Eligibility Vlog

Myths and Misconceptions Vlog #3: I Can Gift $15,000 Per Year Without Penalty While many people are familiar with the gift tax exemption, it is often mixed up with the Medicaid five-year look-back rules. Watch the video below for the full explanation by attorney Joan Reed Wilson:     If you are having trouble viewing…

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Oct162020
money gift tax

Does The Gift Tax Exclusion Apply To Medicaid?

Can you gift $10,000 a year without a penalty? For tax purposes yes, with the Gift Tax Exclusion. With the holidays around the corner and the end of the year fast approaching, many of you may be thinking about making gifts for your children and grandchildren. If you want to avoid paying a gift tax…

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