What is the maximum amount they can transfer to the plan

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Question

Suzanne and Philip are married and have a 9-year old grandson, Basil. They want to contribute to a § 529 plan on behalf of Basil s s education.

For 2015, What is the maximum amount they can transfer to the plan without making a taxable gift? Assume Basil will be attending a 5 year university.

Reference no: EM132405133

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