End-of-year gifting can be a strategic component of your financial plan, as it can help you manage your wealth efficiently, reduce your taxable income, and provide financial support to loved ones. Here are some beneficial end-of-year gifting strategies to consider: Annual Gift Tax Exclusion: Each year, you can give up to a certain amount (the annual exclusion limit) to an individual without incurring gift tax. In 2023, the annual exclusion limit is $17,000 per person. If you’re married, you and your spouse can make combined gifts of $34,000 to a…