HR BLOCK Final Test Review (ITC 2026) Exam || Most
Recent Exam 2026-2027 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ | Guaranteed Success!! |Just
Released | Newest Exam!!
What is the exception to the rules for children of divorced or
separated parents?
- ANSWER -For divorces granted after December 31, 2008,
Form 8332,
Release/Revocation of Release of Claim to Exemption for
Child by Custodial
Parent, must be filed if parents are separating
tax benefits.
What types of income must be reported on Schedule 1 (Form
1040) and then reported on Form 1040? - ANSWER -Gambling
winnings, alimony, jury duty pay, canceled debts, and hobby
income are some examples of income that must be reported on
Schedule 1 (Form 1040) and then reported on Form 1040.
What are the adjustments that can be claimed on Schedule 1
(Form 1040)? - ANSWER -Some examples of adjustments that
can be claimed on Schedule 1 are:
,Educator expense deduction.
The health savings account (HSA) deduction.
Moving expenses for members of the military.
Self-employment tax deduction.
Self-employed health insurance deduction.
Penalty on early withdrawal of savings.
Alimony payments.
IRA deduction.
Student loan interest deduction.
How much may an eligible educator deduct for qualified
classroom expenses as
an adjustment to income? - ANSWER -Up to $250 per
eligible educator.
Married taxpayers filing a joint return who are both eligible
educators may each
claim the $250 deduction,
totaling $500.
Who is an eligible educator? - ANSWER -Someone who
worked at least 900
hours during the school year as a teacher, teacher's aide,
counselor, or
principal in an elementary or
secondary school.
,Where is the educator expense deduction reported? - ANSWER
-Educator expenses are reported on Schedule 1, Additional
Income and Adjustments to Income, line 11.
What is a qualified student loan? - ANSWER -A loan used to
pay qualified education expenses. Credit card debt may be
included, provided the card was used exclusively to pay for
qualified expenses. Money borrowed from a related person is
not a qualified student loan.
What three requirements must be met for an individual to be
claimed as either a qualifying child or a qualifying relative? -
ANSWER -To be either a qualifying child or qualifying relative,
they must be a U.S. citizen, U.S. resident alien, U.S. national, or
a resident of Canada, or Mexico; they cannot file a joint return
(unless solely to claim a refund of taxes paid); and the taxpayer
claiming the dependent must not be a dependent of another
taxpayer
What are the five tests for a qualifying child? - ANSWER -1.
Relationship test.
2. Age test.
3. Residency test.
4. Support test.
5. Joint return test.
How can a married individual meet the joint return test to
remain a qualifying child? - ANSWER -They can meet this test
by not filing a joint return with their spouse, or they can file a
, joint return with their spouse if they are filing only to claim a
refund of any taxes withheld.
What four tests must be met for an individual to be considered
a qualifying relative? - ANSWER -1. Not a qualifying child of
someone else.
2. Relationship OR member of the household for the entire year.
3. Gross income.
4. Support.
How can the gross income test for a qualifying relative be
satisfied? - ANSWER -The qualifying relative's gross income
must be less than $4,300. When determining the gross income,
tax-exempt income, such as certain social security benefits, is
not included.
What is the purpose of Form 2120, Multiple Support
Declaration? - ANSWER -If two or more persons combined
provided over one-half of a person's support, they may
together agree to allow any one of them who contributed at
least 10% of the support to claim the exemption. A statement
waiving the right to claim the dependency exemption should be
signed by each contributor who is not claiming the exemption
and retained by the one who is. Form 2120 is attached to the
return of the taxpayer claiming the exemption.
How much is the Child Tax Credit worth? - ANSWER -Up to
$3,600 per qualifying child under age 6 and up to $3,000 per
qualifying child ages 6 through 17.
Recent Exam 2026-2027 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ | Guaranteed Success!! |Just
Released | Newest Exam!!
What is the exception to the rules for children of divorced or
separated parents?
- ANSWER -For divorces granted after December 31, 2008,
Form 8332,
Release/Revocation of Release of Claim to Exemption for
Child by Custodial
Parent, must be filed if parents are separating
tax benefits.
What types of income must be reported on Schedule 1 (Form
1040) and then reported on Form 1040? - ANSWER -Gambling
winnings, alimony, jury duty pay, canceled debts, and hobby
income are some examples of income that must be reported on
Schedule 1 (Form 1040) and then reported on Form 1040.
What are the adjustments that can be claimed on Schedule 1
(Form 1040)? - ANSWER -Some examples of adjustments that
can be claimed on Schedule 1 are:
,Educator expense deduction.
The health savings account (HSA) deduction.
Moving expenses for members of the military.
Self-employment tax deduction.
Self-employed health insurance deduction.
Penalty on early withdrawal of savings.
Alimony payments.
IRA deduction.
Student loan interest deduction.
How much may an eligible educator deduct for qualified
classroom expenses as
an adjustment to income? - ANSWER -Up to $250 per
eligible educator.
Married taxpayers filing a joint return who are both eligible
educators may each
claim the $250 deduction,
totaling $500.
Who is an eligible educator? - ANSWER -Someone who
worked at least 900
hours during the school year as a teacher, teacher's aide,
counselor, or
principal in an elementary or
secondary school.
,Where is the educator expense deduction reported? - ANSWER
-Educator expenses are reported on Schedule 1, Additional
Income and Adjustments to Income, line 11.
What is a qualified student loan? - ANSWER -A loan used to
pay qualified education expenses. Credit card debt may be
included, provided the card was used exclusively to pay for
qualified expenses. Money borrowed from a related person is
not a qualified student loan.
What three requirements must be met for an individual to be
claimed as either a qualifying child or a qualifying relative? -
ANSWER -To be either a qualifying child or qualifying relative,
they must be a U.S. citizen, U.S. resident alien, U.S. national, or
a resident of Canada, or Mexico; they cannot file a joint return
(unless solely to claim a refund of taxes paid); and the taxpayer
claiming the dependent must not be a dependent of another
taxpayer
What are the five tests for a qualifying child? - ANSWER -1.
Relationship test.
2. Age test.
3. Residency test.
4. Support test.
5. Joint return test.
How can a married individual meet the joint return test to
remain a qualifying child? - ANSWER -They can meet this test
by not filing a joint return with their spouse, or they can file a
, joint return with their spouse if they are filing only to claim a
refund of any taxes withheld.
What four tests must be met for an individual to be considered
a qualifying relative? - ANSWER -1. Not a qualifying child of
someone else.
2. Relationship OR member of the household for the entire year.
3. Gross income.
4. Support.
How can the gross income test for a qualifying relative be
satisfied? - ANSWER -The qualifying relative's gross income
must be less than $4,300. When determining the gross income,
tax-exempt income, such as certain social security benefits, is
not included.
What is the purpose of Form 2120, Multiple Support
Declaration? - ANSWER -If two or more persons combined
provided over one-half of a person's support, they may
together agree to allow any one of them who contributed at
least 10% of the support to claim the exemption. A statement
waiving the right to claim the dependency exemption should be
signed by each contributor who is not claiming the exemption
and retained by the one who is. Form 2120 is attached to the
return of the taxpayer claiming the exemption.
How much is the Child Tax Credit worth? - ANSWER -Up to
$3,600 per qualifying child under age 6 and up to $3,000 per
qualifying child ages 6 through 17.
