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The Art of Giving (Without Triggering Form 709)
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In 2024, you could gift up to $18,000 per person without filing a Form 709, thanks to the annual gift tax exclusion under IRC §2503(b). In 2025, that number bumps up to $19,000, or $38,000 if you’re married and splitting the generosity. You can gift to as many people as you want—friends, family, your dog…
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Backdoor Roth IRA Conversions: A Powerful Strategy for High Earners
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High-income taxpayers are often phased out of making direct Roth IRA contributions due to income limits, fortunately, the “backdoor Roth IRA” offers a legal workaround…
