What is the tax impact of gifting someone stock?

Are you considering gifting stocks to a loved one but worried about the tax implications? Want to share your financial blessings while being a good steward of your resources? Tune in to this episode of the Ask Ralph Podcast with Ralph Estep Jr. as he explores the tax impacts of gifting stocks and ways to minimize them. What Is The Tax Impact of Gifting Someone Stock? With Ralph Estep, Jr.In this episode, Ralph addresses a listener's question about gifting stocks to help with education expenses and delves into key points such as the annual gift tax exclusion, capital gains considerations, and strategies like contributing to a 529 Plan or using a donor-advised fund. Drawing from biblical principles and personal experiences, he emphasizes the importance of being a cheerful and wise giver. Discover how these strategies can help you maximize the impact of your generosity and navigate the complexities of gifting stocks while maintaining your financial stability and faith.00:00 Episode Overview00:56 Listener’s Concern01:50 Bible Verse02:29 Basics of Gifting Stocks04:46 Strategies to Reduce Tax Impact of Gifting Stocks06:29 Hypothetical Examples of Gifting Stocks08:50 Recap09:45 Actionable Steps10:42 Final Thoughts11:46 OutroLISTEN NOWWATCH NOW ON YOUTUBE (OUR VIDEO VERSION)WATCH NOW ON RUMBLE (OUR VIDEO VERSION)SUPPORT THE SHOWPlease share our Podcast with all your friends and family!Submit your questions or ideas for future shows - email us at [email protected] or leave a voicemail message on our podcast page Leave A Voicemail MessageBuy Ralph's Book - Mastering Your Finances! Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business JourneyBuy Ralph's Book - How to Become a Financially Confident ChristianWant to be a guest on Financially Confident Christian? Send Ralph Estep, Jr. a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1704313698808231d175d3ba6Tired of feeling stuck in your business? Discover my 12-week coaching program built for small business owners just like you: www.gritandgrowthbusiness.com/coaching