VITA Basic Training 2026 | Latest Update | Exam Prep |
100% Pass Guarantee
1. If a taxpayer is filing as Head of Household (HOH) in 2024, what standard
deduction amount should they expect to claim?
$12,400
$29,200
$21,900
$14,600
2. What is the maximum amount of the lifetime learning credit?
$2,500 per return.
$1,100 per return.
$2,000 per return.
$1,650 per return.
3. Describe the eligibility criteria for the Child Tax Credit.
Families must have qualifying children and meet specific income
limits to be eligible for the Child Tax Credit.
Only families with multiple children can qualify for the Child Tax Credit.
Any family with children can claim the Child Tax Credit regardless of
income.
The Child Tax Credit is available only to single parents.
,4. Ellen received some investment income in 2022. What is the most investment
income she can receive without becoming ineligible for the earned income
credit?
$0
$1,500
$10,300
$5,000
5. Which of the following filing conditions would prevent an individual from
qualifying for the Earned Income Tax Credit?
A taxpayer with nontaxable combat pay
MFS filing status
A taxpayer who is 68 years old with one qualifying child.
Investment income of $3,100
6. What must happen for a taxpayer to be eligible to claim the Additional Child
Tax Credit?
If the taxpayer files jointly with a spouse.
If any portion of the regular CTC was disallowed because tax was
reduced to zero.
If the taxpayer's income exceeds the threshold for the Child Tax
Credit.
If the taxpayer has no qualifying children.
7. What is the maximum gross income a qualifying relative can have according
to the Gross Income Test?
, $5,050
$4,000
$6,500
$3,500
8. A taxpayer may lose all of his earned income tax credit if he has disqualified
income. In 2021, what is the limit of investment income that a taxpayer may
have?
$3,650
$10,300
$3,600
$10,000
9. What is the age by which retirement plan participants must take their
Required Minimum Distribution if they turn 73?
72
73
70
75
10. : Which of the following statements best describes the tax benefits of
Married Filing Jointly (MFJ) status compared to filing separately?
MFJ status typically provides more tax benefits, requiring couples
to report their combined income, allowable expenses, exemptions,
and deductions.
MFJ status provides fewer tax benefits and requires combined
reporting of income and expenses.
, MFJ status is beneficial only if one spouse has income, with no
requirement to report combined expenses or deductions.
MFJ status offers the same tax benefits as filing separately but
requires a joint report of income only.
11. What does the Dependent Taxpayer Test prevent?
Parents from agreeing on which one should claim their child as a
dependent.
A taxpayer from claiming a dependent if they are claimed as a
dependent on someone else's return.
An individual from being claimed as a dependent by more than one
taxpayer.
A person from claiming a dependent if they earn over a certain
amount.
12. What filing status has the highest standard deduction?
The Standard Deduction is the same for all filing statuses
Head of Household
Married Filing Jointly
Single
13. If a married couple, both aged 66 and blind, files their taxes jointly, what is
their total additional standard deduction?
$1,550
$1,950
$2,000
100% Pass Guarantee
1. If a taxpayer is filing as Head of Household (HOH) in 2024, what standard
deduction amount should they expect to claim?
$12,400
$29,200
$21,900
$14,600
2. What is the maximum amount of the lifetime learning credit?
$2,500 per return.
$1,100 per return.
$2,000 per return.
$1,650 per return.
3. Describe the eligibility criteria for the Child Tax Credit.
Families must have qualifying children and meet specific income
limits to be eligible for the Child Tax Credit.
Only families with multiple children can qualify for the Child Tax Credit.
Any family with children can claim the Child Tax Credit regardless of
income.
The Child Tax Credit is available only to single parents.
,4. Ellen received some investment income in 2022. What is the most investment
income she can receive without becoming ineligible for the earned income
credit?
$0
$1,500
$10,300
$5,000
5. Which of the following filing conditions would prevent an individual from
qualifying for the Earned Income Tax Credit?
A taxpayer with nontaxable combat pay
MFS filing status
A taxpayer who is 68 years old with one qualifying child.
Investment income of $3,100
6. What must happen for a taxpayer to be eligible to claim the Additional Child
Tax Credit?
If the taxpayer files jointly with a spouse.
If any portion of the regular CTC was disallowed because tax was
reduced to zero.
If the taxpayer's income exceeds the threshold for the Child Tax
Credit.
If the taxpayer has no qualifying children.
7. What is the maximum gross income a qualifying relative can have according
to the Gross Income Test?
, $5,050
$4,000
$6,500
$3,500
8. A taxpayer may lose all of his earned income tax credit if he has disqualified
income. In 2021, what is the limit of investment income that a taxpayer may
have?
$3,650
$10,300
$3,600
$10,000
9. What is the age by which retirement plan participants must take their
Required Minimum Distribution if they turn 73?
72
73
70
75
10. : Which of the following statements best describes the tax benefits of
Married Filing Jointly (MFJ) status compared to filing separately?
MFJ status typically provides more tax benefits, requiring couples
to report their combined income, allowable expenses, exemptions,
and deductions.
MFJ status provides fewer tax benefits and requires combined
reporting of income and expenses.
, MFJ status is beneficial only if one spouse has income, with no
requirement to report combined expenses or deductions.
MFJ status offers the same tax benefits as filing separately but
requires a joint report of income only.
11. What does the Dependent Taxpayer Test prevent?
Parents from agreeing on which one should claim their child as a
dependent.
A taxpayer from claiming a dependent if they are claimed as a
dependent on someone else's return.
An individual from being claimed as a dependent by more than one
taxpayer.
A person from claiming a dependent if they earn over a certain
amount.
12. What filing status has the highest standard deduction?
The Standard Deduction is the same for all filing statuses
Head of Household
Married Filing Jointly
Single
13. If a married couple, both aged 66 and blind, files their taxes jointly, what is
their total additional standard deduction?
$1,550
$1,950
$2,000
