Sentences with phrase «gifts of educational expenses»

Not exact matches

(The IRS allows contributions up to the total cost of qualifying educational expenses, but anything over $ 14,000 per year is subject to a gift tax).

For example, gifts of tuition or medical expenses that you pay directly to a medical or educational institution for someone else are not considered taxable.

But the raise may come with an added cost of its own: a ban on judicial junkets (ABC.com, 2/4/08), i.e., those all - expense paid trips and lavish gifts funded by special interest groups, and disguised as seemingly benign «fact - finding missions» or educational seminars.

You can leave your children the gift of education by factoring educational expenses into your life insurance policy's death benefit.