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I gave $500 to my niece when her husband died unexpectedly. Am I able to use this to help lower my tax bill?
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I gave $500 to my niece when her husband died unexpectedly. Am I able to use this to help lower my tax bill?
No, this is a gift. It is neither taxable to your niece nor deductible for you.
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I gave $500 to my niece when her husband died unexpectedly. Am I able to use this to help lower my tax bill?
No, this is a gift. It is neither taxable to your niece nor deductible for you.
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