Random end of year tax fact(US only)👀. Source:Fidelity
Consider gifting to loved ones
You can gift up to $19,000 per recipient to as many people as you like in 2025. This amount (the “annual gift tax exclusion”) remains at $19,000 in 2026. So if you have 4 children, you can give $19,000 to each one in 2025. If you're married, each person in the couple can gift this amount to each child. While you don't get an income tax deduction for such gifts, the recipients won't owe income tax on the gifts, and the gifts can help reduce the value of your estate without using up your lifetime gift and estate tax exemption.
