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IRS EA Exam 1 – Individuals Exam
Questions and Answers 100% Pass
FBAR (FinCEN Form 114) - ✔✔Officially April 15 (automatic extension to Oct 15), not filed with the IRS.
(Electronically through BSA w-filing to FinCEN).
Required if person (even children) has a financial interest or signature authority (co-owns) over at least
one account located outside the US and the aggregate value exceeded $10,000 at any time during the
calendar year.
A non-willful failure to file could result in civil penalties of $10,000 per year. A willful failure to file could
result in the greater of $100,000 or 50% of balance per year. Criminal penalties could apply as well.
Deemed exemption amount - ✔✔$4,200 for qualifying relative (they can't make more than this if you
want to claim them as a dependent, doesn't apply to your own child).
Dependent Tests - ✔✔Dependent Taxpayer (can't claim a dep if you can be claimed yourself)
Joint Return (can't file a joint return and be claimed as a dependent on someone else's return unless you
only file for refund)
Citizenship or Residency (must be a citizen or resident of US, Canada, or Mexico)
Qualifying Child vs Relative - ✔✔Under 19 or under 24 and a full time (5 months) student OR any age
and permanently disabled.
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Related by blood, marriage, or legal adoption or a foster child placed by government agency.
Lived with taxpayer for more than half the year.
Cannot provide more than half their own support - welfare doesn't count, social security benefits of child
do.
Qualifying relative that is not related to taxpayer must live with them in order to be claimed as a dep. If
related, they don't have to live with the taxpayer.
Multiple Support Agreement - ✔✔two or more people combined to pay for more than 50% of the
qualifying relative's support, must provide MORE than 10% to claim as a dependent
Standard deduction MFJ/QW - ✔✔$24,400
Standard deduction Single/MFS - ✔✔$12,200
Standard deduction HoH - ✔✔$18,350
Additional Standard Deduction for Age 65 and older or Blind - ✔✔$1,300 (MFJ, QW, MFS)
$1,650 (Single, HoH)
If a taxpayer dies before his 65th birthday then the additional standard deduction for being 65 does not
apply.
Must be blind on last day of tax year and have a statement from an eye doctor.
Standard Deduction - Dependent of another taxpayer - ✔✔Lesser of:
Emily Charlene © 2025, All Rights Reserved.
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1) greater of $1,100 or earned income + $350
2) $12,200
Filing Thresholds - ✔✔Single $12,200 (65 or older $13,850)
HofH $18,350 ($20,000)
MFJ/QW $24,400 (27,000 if both spouses 65)
MFS $5
Other Filing Thresholds - ✔✔Self-employment income of $400 or more
Church employee that is exempt from tax with income of $108.28
1095-A, HSA/MSA distribution
Owe household employee tax (can fileSch H by itself)
Additional tax on qualified retirement plans
IRA Contribution Limits - ✔✔$6,000 ($7,000 for 50 or older)
Roth IRA limit phaseout
$193,000-$203,000 MFJ
$122,000-$137,000 Single and HofH
$0-$10,000 MFS
Annual exclusion for gifts - ✔✔Each donor can give $15,000 per year per donee (without paying gift
taxes)
$11,400,000 estate and gift tax exclusion over life ($22,800,000 for married couples)
Emily Charlene © 2025, All Rights Reserved.
IRS EA Exam 1 – Individuals Exam
Questions and Answers 100% Pass
FBAR (FinCEN Form 114) - ✔✔Officially April 15 (automatic extension to Oct 15), not filed with the IRS.
(Electronically through BSA w-filing to FinCEN).
Required if person (even children) has a financial interest or signature authority (co-owns) over at least
one account located outside the US and the aggregate value exceeded $10,000 at any time during the
calendar year.
A non-willful failure to file could result in civil penalties of $10,000 per year. A willful failure to file could
result in the greater of $100,000 or 50% of balance per year. Criminal penalties could apply as well.
Deemed exemption amount - ✔✔$4,200 for qualifying relative (they can't make more than this if you
want to claim them as a dependent, doesn't apply to your own child).
Dependent Tests - ✔✔Dependent Taxpayer (can't claim a dep if you can be claimed yourself)
Joint Return (can't file a joint return and be claimed as a dependent on someone else's return unless you
only file for refund)
Citizenship or Residency (must be a citizen or resident of US, Canada, or Mexico)
Qualifying Child vs Relative - ✔✔Under 19 or under 24 and a full time (5 months) student OR any age
and permanently disabled.
Emily Charlene © 2025, All Rights Reserved.
,2|Page
Related by blood, marriage, or legal adoption or a foster child placed by government agency.
Lived with taxpayer for more than half the year.
Cannot provide more than half their own support - welfare doesn't count, social security benefits of child
do.
Qualifying relative that is not related to taxpayer must live with them in order to be claimed as a dep. If
related, they don't have to live with the taxpayer.
Multiple Support Agreement - ✔✔two or more people combined to pay for more than 50% of the
qualifying relative's support, must provide MORE than 10% to claim as a dependent
Standard deduction MFJ/QW - ✔✔$24,400
Standard deduction Single/MFS - ✔✔$12,200
Standard deduction HoH - ✔✔$18,350
Additional Standard Deduction for Age 65 and older or Blind - ✔✔$1,300 (MFJ, QW, MFS)
$1,650 (Single, HoH)
If a taxpayer dies before his 65th birthday then the additional standard deduction for being 65 does not
apply.
Must be blind on last day of tax year and have a statement from an eye doctor.
Standard Deduction - Dependent of another taxpayer - ✔✔Lesser of:
Emily Charlene © 2025, All Rights Reserved.
, 3|Page
1) greater of $1,100 or earned income + $350
2) $12,200
Filing Thresholds - ✔✔Single $12,200 (65 or older $13,850)
HofH $18,350 ($20,000)
MFJ/QW $24,400 (27,000 if both spouses 65)
MFS $5
Other Filing Thresholds - ✔✔Self-employment income of $400 or more
Church employee that is exempt from tax with income of $108.28
1095-A, HSA/MSA distribution
Owe household employee tax (can fileSch H by itself)
Additional tax on qualified retirement plans
IRA Contribution Limits - ✔✔$6,000 ($7,000 for 50 or older)
Roth IRA limit phaseout
$193,000-$203,000 MFJ
$122,000-$137,000 Single and HofH
$0-$10,000 MFS
Annual exclusion for gifts - ✔✔Each donor can give $15,000 per year per donee (without paying gift
taxes)
$11,400,000 estate and gift tax exclusion over life ($22,800,000 for married couples)
Emily Charlene © 2025, All Rights Reserved.
