• You Can Give Away More Tax Free in 2018

• • Annual Gift Tax Exclusion
  • Clay County
  • Duval County
  • Elder Law
  • Estate Planning
  • Federal Gift Taxes
  • Gift Tax
  • Gifting
  • Green Cove Springs
  • Jacksonville
  • Medicaid
  • Medicaid Eligiblity
  • North Florida
  • Orange Park
  • St. Augustine
  • St. Johns County
  • Supplemental Security Income
• 6 years ago
• After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less ... [read more]

• Can Gifts to Family Members Affect Medicaid Eligibility?

• • Clay County
  • Duval County
  • Elder Law
  • Estate Planning
  • Federal Taxes
  • Gift Tax
  • Gifting
  • Jacksonville
  • Medicaid
  • Medicaid Application
  • Medicaid Eligiblity
  • Medicaid Planning
  • Medical Benefits
  • North Florida
  • Nursing Home Care
  • Orange Park
  • St. Augustine
  • St. Johns County
• 6 years ago
• We are often asked by clients if giving gifts to their family members will affect them adversely if they need to apply for Medicaid to cover the cost of nursing home care. Our response is that while current federal law permits gifts up to $14,000 annually, per individual, without the recipient havin... [read more]