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24-05-2023
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Noah and Sophia want to make a maximum contribution to their state’s qualified tuition program (Code 529 plan) on behalf of their 6 grandchildren without exceeding the annual Federal gift tax exclusion. How much can they transfer to the plan for grandchildren without incurring a current Federal gift tax?
a. 90,000
b.180,000
c.450,000
d.900,000

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