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When might gifting “upstream” to parents make sense?

Upstream Gifting Little Rock, Arkansas
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Edward Mahaffy, MBA, CFP, ChFC
If parents are in much lower income tax brackets, gifting stocks or mutual funds may make sense as payouts are generally treated as qualified dividends with 15%-20% income tax. Single taxpayers earning up to $40,000 and married filing jointly earning up to $80,000 have a tax rate of zero.

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