Which of the following is NOT a correct description of a tax-oriented advantage of gifting?

Gifting will always result in both gift tax and income tax savings.

Gift-splitting is available to a married couple to reduce the value of a taxable gift.

The unified credit must be used to offset taxes on inter-vivos taxable gifts that do not exceed the exemption equivalent amount.

A donor can use an annual exclusion to reduce the value of a taxable, present-interest gift.