Gifts made during a taxpayer's lifetime may affect the amount of estate tax paid by the taxpayer's estate.

Name: Gifts made during a taxpayer's lifetime may affect the amount of estate tax paid by the taxpayer's estate.
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Gifts made during a taxpayer's lifetime may be subject to gift tax, but they may also reduce the value of the taxpayer's estate, which can lower the estate tax paid by the estate after the taxpayer's death.

Gifts Made During a Taxpayer's Lifetime May Affect the Amount