A tax-free gift of up to ________ per year can be given to another person.

Name: A tax-free gift of up to ________ per year can be given to another person.
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Question

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According to current IRS laws, a tax-free gift of up to $13,000 per year can be given to another person. This means that any gifts given up to this amount will not be subject to federal gift tax or have to be reported on a tax return. Choosing option C as the answer is the only accurate choice based on the question.

A Tax-Free Gift of Up to ________ Per Year Can