Enrolled Agent 2025/2026 Exam
Questions and Answers | A+ Score
Assured
American Opportunity Credit - 🧠 ANSWER ✔✔a credit for qualified
education expenses paid for an eligible student for the first four years of
higher education. You can get a maximum annual credit of $2,500 per
eligible student.
Eligible Student - 🧠 ANSWER ✔✔1. Not claimed an AOC in any four earlier
tax years
2. Had not completed the first four years of postsecondary education before
2011
,3. Student was enrolled at least half-time in a program leading to a degree
for at least one academic period beginning in 2011;
4. Student had not been convicted of any federal or state felony for
possessing or distributing a controlled substance as of the end of 2011.
Which of the following statements is correct regarding Form 1095A, Health
Insurance Marketplace Statement?
(A) Taxpayers do not need Form 1095A to complete Form 8962, Premium
Tax Credit, to reconcile advance
payments of the premium tax credit or claim the premium tax credit on their
tax return
(B) Taxpayers will receive Form 1095A to complete Form 8962, Premium
Tax Credit, if they have been covered by an employer insurance plan for
the entire year
,(C) Taxpayers will use Form 1095A to complete Form 8962, Premium Tax
Credit, to reconcile advance payments of the premium tax credit or claim
the premium tax credit on their tax return
(D) Taxpayers will attach a Form 1095A with their return to reconcile
advance payments of the premium tax
credit or claim the premium tax credit on their tax return - 🧠 ANSWER ✔✔C
Form 8962 Instructions, p. 2
American Opportunity Credit Amount - 🧠 ANSWER ✔✔o 100% of qualified
tuition & related expenses paid by taxpayer is not > $2,000
o 25% of expenses paid as exceeds $2,000 but not $4,000
(AOC) Limitations - 🧠 ANSWER ✔✔o Credit only allowed for year if at least
½ time student for part of the year
o Only allowed for first 4 years of postsecondary
Denial of credit if student convicted of felony drug offense
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Two taxpayers married on November 30. That same year, the husband
enrolled in an accredited college to
further his career and subsequently received a Form 1098-T, Tuition
Statement. The wife was employed with an income of $45,000 and paid for
the husband's education expenses. Based on their circumstances, what is
the correct method to report the education credit?
(A) Taxpayers must file a joint return to claim an education credit
(B) Based on the wife's AGI, they do not qualify to claim an education credit
(C) Husband is ineligible to claim an education credit because the wife paid
his education expenses
(D) Wife should report nonqualified education expenses on Form 8863,
Education Credits (American Opportunity
and Lifetime Learning Credits) - 🧠 ANSWER ✔✔A
IRC § 25A(g)(6); Instructions for Form 8863; page 2
Questions and Answers | A+ Score
Assured
American Opportunity Credit - 🧠 ANSWER ✔✔a credit for qualified
education expenses paid for an eligible student for the first four years of
higher education. You can get a maximum annual credit of $2,500 per
eligible student.
Eligible Student - 🧠 ANSWER ✔✔1. Not claimed an AOC in any four earlier
tax years
2. Had not completed the first four years of postsecondary education before
2011
,3. Student was enrolled at least half-time in a program leading to a degree
for at least one academic period beginning in 2011;
4. Student had not been convicted of any federal or state felony for
possessing or distributing a controlled substance as of the end of 2011.
Which of the following statements is correct regarding Form 1095A, Health
Insurance Marketplace Statement?
(A) Taxpayers do not need Form 1095A to complete Form 8962, Premium
Tax Credit, to reconcile advance
payments of the premium tax credit or claim the premium tax credit on their
tax return
(B) Taxpayers will receive Form 1095A to complete Form 8962, Premium
Tax Credit, if they have been covered by an employer insurance plan for
the entire year
,(C) Taxpayers will use Form 1095A to complete Form 8962, Premium Tax
Credit, to reconcile advance payments of the premium tax credit or claim
the premium tax credit on their tax return
(D) Taxpayers will attach a Form 1095A with their return to reconcile
advance payments of the premium tax
credit or claim the premium tax credit on their tax return - 🧠 ANSWER ✔✔C
Form 8962 Instructions, p. 2
American Opportunity Credit Amount - 🧠 ANSWER ✔✔o 100% of qualified
tuition & related expenses paid by taxpayer is not > $2,000
o 25% of expenses paid as exceeds $2,000 but not $4,000
(AOC) Limitations - 🧠 ANSWER ✔✔o Credit only allowed for year if at least
½ time student for part of the year
o Only allowed for first 4 years of postsecondary
Denial of credit if student convicted of felony drug offense
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Two taxpayers married on November 30. That same year, the husband
enrolled in an accredited college to
further his career and subsequently received a Form 1098-T, Tuition
Statement. The wife was employed with an income of $45,000 and paid for
the husband's education expenses. Based on their circumstances, what is
the correct method to report the education credit?
(A) Taxpayers must file a joint return to claim an education credit
(B) Based on the wife's AGI, they do not qualify to claim an education credit
(C) Husband is ineligible to claim an education credit because the wife paid
his education expenses
(D) Wife should report nonqualified education expenses on Form 8863,
Education Credits (American Opportunity
and Lifetime Learning Credits) - 🧠 ANSWER ✔✔A
IRC § 25A(g)(6); Instructions for Form 8863; page 2
