Which of the Following Statements Is True Concerning the Maximum

question 44

Multiple Choice

Which of the following statements is true concerning the maximum gift that can be given within a year without incurring any gift tax or using any of the unified credit?

• A)​A single individual is limited to gifts of $13,000 in cash or property with a fair market value of $26,000 to an individual.
• B)​Consenting spouses can give each other a maximum of $26,000.
• C)​Consenting spouses together can give an individual $26,000.
• D)A single individual is limited to a gift of $13,000 to a qualified charity.​

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