SIE Exam Question 205: Answer and Explanation

Question: 205

What is the maximum amount that may be contributed to a 529 plan in TY 2020?

• A. $2,000
• B. $5,500
• C. $6,500
• D. $15,000

Correct Answer: D

Explanation:

The maximum amount that may be contributed to a 529 plan in TY 2020 is $15,000.