Paying Medical Expenses is a Great Tax Strategy

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When you pay medical expenses directly to a medical provider for someone else, the gift of medical care is not counted toward your annual gifts or your lifetime gifts. As we’ve discussed in this blog previously, each person can give another person up to $13,000.00 a year outright without incurring a gift tax for the donor.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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