H&R Block Income Tax Specialist Test Exam 2026 – Schedule 1, HSA & Education Credits | Actual Questions & Verified Answers Instant Download PDF

H&R BLOCK INCOME TAX SPECIALIST TEST EXAM
ACTUAL QUESTIONS AND ANSWERS - LATEST AND
COMPLETE UPDATE WITH VERIFIED SOLUTIONS –
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A taxpayer should include which of the following when figuring their federal gross
income?
A. Prior-year federal income tax refund.
B. Ordinary dividends.
C. Personal injury compensation.
D. Qualified disaster relief payments.
- ANSWER: B


A taxpayer is required to file Schedule 1 (Form 1040) when claiming which of the
following?
A. Retirement savings contributions credit.
B. Health savings account deduction
C. Education credit
D. Excess advance premium tax credit repayment
- ANSWER: B


In 2018, the excise tax for excess contributions to a health savings account is
_____________.
A. 0%
B. 6%
C. 10%
D. 20%
- ANSWER: B

,In 2018, the additional excise tax for non-qualified distributions from a health
savings account is ____________.
A. 0%
B. 6%
C. 10%
D. 20%
- ANSWER: D




What is the max amount of lifetime learning credit that can be claimed on a tax
return?
A. $2,000 in total for the return
B. $2,000 per eligible student claimed on the return
C. $10,000 in total for the return
D. $10,000 per eligible student claimed on the return
- ANSWER: A


Which statement about education credits is FALSE?
A. A student may qualify for the lifetime learning credit if they have a felony
drug conviction
B. Only 4-yr. colleges are eligible institutions for the American Opportunity
Credit
C. A taxpayer can claim the American Opportunity Credit for only 4 tax yrs.
D. A taxpayer enrolled as a part-time student is eligible for the lifetime learning
credit
- ANSWER: B

,A child no longer qualifies a taxpayer for the Child Tax Credit in the yr. the child
reaches _______________
A. Age 17
B. Majority, which is 18 in most states
C. Age 19
D. Age 19, or age 24 if the child is a full-time student at least five month of the
yr.
- ANSWER: A


How much of the American Opportunity Credit (AOC) may be refundable? A.
10%
B. 25%
C. 40%
D. 55%
- ANSWER: C


The 2 factors that may limit the max Child Tax Credit of $2,000 per qualifying
child are ________________ A. Tax liability and earned income above the
phase-out threshold for 3 or more children
B. Earned income above the phase-out thresholds and taxpayer filing status
C. Tax liability and modified adjusted gross income (MAGI) above the
phaseout threshold
D. Modified adjusted gross income (MAGI) above the phase-out threshold and
3 or more children
- ANSWER: C

, The portion of the American Opportunity Credit (AOC) that is refundable is
_________________ A. 40% of expenses up to $1,000
B. A max of $2,500
C. 50% of the first $4,000 of expenses
D. 20% of expenses up to $10,000
- ANSWER: A


The max amount of American Opportunity Credit (AOC) that can be claimed on a
tax return is __________________ A. $2,500 in total for the return
B. $2,500 per eligible student claimed on the return
C. $4,000 in total for the return
D. $4,000 per eligible student claimed on the return
- ANSWER: B


What portion of a scholarship is taxable to a degree candidate attending an eligible
institution? A. All
B. None
C. The portion used to pay for non-qualified expenses
D. The portion used to pay for qualified expenses
- ANSWER: C


A refundable credit reduces the taxpayer's ___________________. A.
Income before determining tax liability


B. Tax liability, and may even exceed the tax liability
C. Income before determining tax liability, and may even increase the refund