You could gift any number of people _____ per year without having to pay any gift taxes.

Name: You could gift any number of people _____ per year without having to pay any gift taxes.
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Question

You could gift any number of people _____  per year without having to pay any gift taxes.

Quizplus · Accepted Answer

According to the current IRS rules, you can gift up to $15,000 per year to any number of people without having to pay any gift taxes. If you exceed this amount, you will need to file a gift tax return and may have to pay taxes on the amount over $15,000 per person. Therefore, the correct choice is E.

You Could Gift Any Number of People _____ Per Year