Gift Splitting: Definition Example Tax Rules

What is Gift Splitting? When a married couple chooses to utilize gift splitting, they can effectively double their annual gift tax exclusion. This means that they can give twice as much money or property as a gift without having to pay any gift tax. For example, if the annual gift …

Dual Income No Kids (DINK): Definition Types Marketing To

What is Dual Income No Kids (DINK)? Dual Income No Kids (DINK) is a term used to describe couples who are both working professionals and do not have any children. This lifestyle choice allows them to have more financial freedom and flexibility in their lives. Definition and Explanation DINK couples …