Thursday, February 05, 2009 Depressed Financial Markets Make This a Good Time to Make GiftsA broad downturn in asset values means that you can give away assets at firesale prices and remain within the annual gift tax exclusion amount, which rose to $13,000 in 2009. For instance, if you have stock that has fallen but expect that it will eventually bounce back, now may be a good time to get the asset out of your taxable estate. See the article, "Annual Gift Exclusion Amplified by Depressed Financial Markets" on the Articles Page for more information. |