SIE Exam Question 90: Answer and Explanation

Question: 90

What is the maximum amount that may be gifted within one calendar year (2020) to avoid taxation?

• A. $11,000
• B. $12,000
• C. $14,000
• D. $15,000

Correct Answer: D

Explanation:

In TY 2020, $15,000 is the maximum amount that may be gifted within one calendar year to avoid taxation.