INTUIT ACADEMY TAX LEVEL 1 FINAL
TEST 2026 QUESTIONS WITH CORRECT
ANSWERS GRADED A+
• Not everyone is required to file a return..
Answer: True.
• Filing requirements depend on the tax payer's Age Income.
Answer: Filing status
• Filing Status Married Filing Jointly Married Filing Separately Head of
Household Qualifying Surviving Spouse Dependent (less common).
Answer: Single
• Age range.
Answer: Taxpayers age on December 31st of the tax year- under OR at or
above 65
• Gross income.
Answer: Taxpayer's gross income for the tax year compared to IRS provided
threshold.
• Income less than threshold:.
Answer: Not required to file a return.
• Below the line deductions include.
Answer: Standard deduction
• Income at/above threshold.
Answer: Must file a return.
• Dependents claimed in someone else's return may still qualify to file a
return..
Answer: True
• Even if the taxpayer is not required to file a return, they may still file a
, return that might bring a refund for any federal income tax withheld..
Answer: True
• When someone files.
Answer: They must choose a filing status.
• Eligible educators can deduct up to _______ of qualified expenses paid
during the tax year..
Answer: $250
• If you were married at the end of the tax year you can choose.
Answer: Whether to file jointly or separately.
• Which of the following is an ineligible medical expense for HSA, Archer
MSA, and MA MSA?.
Answer: Breast enhancement
• The net capital gain is taxed at _______ if the married filing jointly taxpayer
income is less than $80,800..
Answer: 0%
• To claim a child as a dependent, they must meet the qualifying child test or
________________..
Answer: qualifying relative test
• Ordinary dividends are taxed at the same rate as __________ income tax
rate..
Answer: ordinary
• Distributions from HSA, Archer MSA, or MS MSA are non-taxable when
_________________________________________..
Answer: spent for qualified medical expenses of your dependent
• If one spouse chooses to file separately.
Answer: Both must file separately.
• Married as of December 31st.
Answer: File as Married Filing Jointly or Married Filing Separately.
,• Filing Jointly may.
Answer: Get bigger tax breaks or pay less in taxes than if filing separately.
• Single Filing Status.
Answer: Have never been married or has been divorced or legally separated
under state law.
• Which residency status is used when an individual is neither a U.S. citizen
nor a resident alien for tax purposes?.
Answer: Non-resident alien
• Single Filing Status (more).
Answer: Widowed before January 1 of tax year and no qualifying child. Or
do not qualify for any other filing status (like Head of Household).
• Head of Household Status.
Answer: Paid more than half the cost of keeping up the home. Or considered
unmarried.
• _____________ and ____________ are what taxpayers must know to
calculate their tax amount..
Answer: Taxable income and filing status
• Considered Unmarried.
Answer: If they file a separate return, paid more than half the cost of
keeping up the home, their spouse did not live in their home during the last
six months of the year.
• Considered Unmarried (cont).
Answer: Have a child, stepchild, or foster child whose main home was with
them for more than half a year. Can claim the child as a qualifying
dependent.
• For mortgages entered into after December 15, 2017, the amount of interest
the taxpayer can deduct is no more than ______________ of the debt used
to buy, build, or substantially improve their principal home and a second
home..
, Answer: 750,000
• __________ reduce the amount of tax due..
Answer: Tax credits
• Which form is for beneficiaries who get income from trusts and estates?.
Answer: Form 1041
• ___________________ consists of both earned and unearned income that is
used to calculate the tax. It is generally less than adjusted gross income due
to the deductions..
Answer: Taxable income
• To satisfy the Substantial Presence Test, how many minimum days (in the
current year) must you be physically present in the United States?.
Answer: 31
• Complete the equation. ___________ = Selling Price - Purchase Price.
Answer: Capital Loss or Capital Gain
• _________________ helps sole proprietorships calculate the profit or loss
from a business while also providing the IRS with your total business
income and deductions..
Answer: Schedule C
• What type of deduction is a HSA contribution? Educator expenses Early
withdrawal penalties of saving accounts Moving expenses Business
expenses HSA contributions Self-employment tax Alimony payments
Tuition fees Contributions to a traditional IRA Student loan interest
deduction Health insurance premiums Retirement account contribution.
Answer: Above-the-Line Deduction Some of the common expenses on
which Above-the-Line deductions are available include:
• Qualifying Surviving Spouse Status.
Answer: Spouse passed away during the previous two years. Has a
qualifying dependent. Hasn't remarried. Paid more than half the cost of
keeping up the home during the tax year.
TEST 2026 QUESTIONS WITH CORRECT
ANSWERS GRADED A+
• Not everyone is required to file a return..
Answer: True.
• Filing requirements depend on the tax payer's Age Income.
Answer: Filing status
• Filing Status Married Filing Jointly Married Filing Separately Head of
Household Qualifying Surviving Spouse Dependent (less common).
Answer: Single
• Age range.
Answer: Taxpayers age on December 31st of the tax year- under OR at or
above 65
• Gross income.
Answer: Taxpayer's gross income for the tax year compared to IRS provided
threshold.
• Income less than threshold:.
Answer: Not required to file a return.
• Below the line deductions include.
Answer: Standard deduction
• Income at/above threshold.
Answer: Must file a return.
• Dependents claimed in someone else's return may still qualify to file a
return..
Answer: True
• Even if the taxpayer is not required to file a return, they may still file a
, return that might bring a refund for any federal income tax withheld..
Answer: True
• When someone files.
Answer: They must choose a filing status.
• Eligible educators can deduct up to _______ of qualified expenses paid
during the tax year..
Answer: $250
• If you were married at the end of the tax year you can choose.
Answer: Whether to file jointly or separately.
• Which of the following is an ineligible medical expense for HSA, Archer
MSA, and MA MSA?.
Answer: Breast enhancement
• The net capital gain is taxed at _______ if the married filing jointly taxpayer
income is less than $80,800..
Answer: 0%
• To claim a child as a dependent, they must meet the qualifying child test or
________________..
Answer: qualifying relative test
• Ordinary dividends are taxed at the same rate as __________ income tax
rate..
Answer: ordinary
• Distributions from HSA, Archer MSA, or MS MSA are non-taxable when
_________________________________________..
Answer: spent for qualified medical expenses of your dependent
• If one spouse chooses to file separately.
Answer: Both must file separately.
• Married as of December 31st.
Answer: File as Married Filing Jointly or Married Filing Separately.
,• Filing Jointly may.
Answer: Get bigger tax breaks or pay less in taxes than if filing separately.
• Single Filing Status.
Answer: Have never been married or has been divorced or legally separated
under state law.
• Which residency status is used when an individual is neither a U.S. citizen
nor a resident alien for tax purposes?.
Answer: Non-resident alien
• Single Filing Status (more).
Answer: Widowed before January 1 of tax year and no qualifying child. Or
do not qualify for any other filing status (like Head of Household).
• Head of Household Status.
Answer: Paid more than half the cost of keeping up the home. Or considered
unmarried.
• _____________ and ____________ are what taxpayers must know to
calculate their tax amount..
Answer: Taxable income and filing status
• Considered Unmarried.
Answer: If they file a separate return, paid more than half the cost of
keeping up the home, their spouse did not live in their home during the last
six months of the year.
• Considered Unmarried (cont).
Answer: Have a child, stepchild, or foster child whose main home was with
them for more than half a year. Can claim the child as a qualifying
dependent.
• For mortgages entered into after December 15, 2017, the amount of interest
the taxpayer can deduct is no more than ______________ of the debt used
to buy, build, or substantially improve their principal home and a second
home..
, Answer: 750,000
• __________ reduce the amount of tax due..
Answer: Tax credits
• Which form is for beneficiaries who get income from trusts and estates?.
Answer: Form 1041
• ___________________ consists of both earned and unearned income that is
used to calculate the tax. It is generally less than adjusted gross income due
to the deductions..
Answer: Taxable income
• To satisfy the Substantial Presence Test, how many minimum days (in the
current year) must you be physically present in the United States?.
Answer: 31
• Complete the equation. ___________ = Selling Price - Purchase Price.
Answer: Capital Loss or Capital Gain
• _________________ helps sole proprietorships calculate the profit or loss
from a business while also providing the IRS with your total business
income and deductions..
Answer: Schedule C
• What type of deduction is a HSA contribution? Educator expenses Early
withdrawal penalties of saving accounts Moving expenses Business
expenses HSA contributions Self-employment tax Alimony payments
Tuition fees Contributions to a traditional IRA Student loan interest
deduction Health insurance premiums Retirement account contribution.
Answer: Above-the-Line Deduction Some of the common expenses on
which Above-the-Line deductions are available include:
• Qualifying Surviving Spouse Status.
Answer: Spouse passed away during the previous two years. Has a
qualifying dependent. Hasn't remarried. Paid more than half the cost of
keeping up the home during the tax year.
