In 2019, Grandparents Contribute Jointly Owned Funds to a §

question 130

True/False

In 2019, grandparents contribute jointly owned funds to a § 529 qualified tuition plan on behalf of their granddaughter.
The maximum annual exclusion allowed to them is $150,000 ($30,000 × 5 years).

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Definitions:

Pizza Toppings

Various ingredients added on top of a pizza base and sauce before cooking to enhance flavor.

Program Year

A specific period used by organizations or programs for planning, budgeting, or assessing performance, often aligning with fiscal years rather than calendar years.

Sunny Days

Days characterized by clear, sunny weather with minimal cloud cover.

Sick Calls

Instances where employees report they will be absent from work due to illness.