{"id":882,"date":"2021-08-05T02:34:00","date_gmt":"2021-08-05T06:34:00","guid":{"rendered":"https:\/\/www.actec.org\/?post_type=video&p=882"},"modified":"2024-01-09T15:10:48","modified_gmt":"2024-01-09T20:10:48","slug":"direct-payment-of-medical-expenses-and-tuition-as-an-exception-to-the-gift-tax","status":"publish","type":"video","link":"https:\/\/www.actec.org\/resource-center\/video\/direct-payment-of-medical-expenses-and-tuition-as-an-exception-to-the-gift-tax\/","title":{"rendered":"Direct Payment of Medical Expenses and Tuition as an Exception to the Gift Tax"},"content":{"rendered":"\n
Direct payment of medical expenses and tuition refers to a financial arrangement where a person or entity, often a family member or employer, makes payments directly to medical providers or educational institutions on behalf of an individual. This can have tax advantages and help individuals cover necessary medical or educational costs without the funds passing through the recipient\u2019s hands.<\/p>\n\n\n\n
ACTEC Fellows Jean Gordon Carter<\/a> and Toni Ann Kruse<\/a> explain what is considered a \u201cgift\u201d by the IRS, the do\u2019s and don\u2019ts of paying another person\u2019s tuition or medical bills, what qualifies as tuition and medical expenses, and practical examples.<\/p>\n<\/div>\n\n\n\n