INTUIT TAX LEVEL 1 EXAM
QUESTIONS AND ANSWERS 2026
Married Filing Jointly: Social Security Taxes - ANSWERSBelow $32,000 - No tax
$32k -$44k - 50%
$44k + - 85%
All other filing status': Social Security Tax - ANSWERSBelow $25,000 - No tax
$25k-$34k - 50%
$34k+ - 85%
States that tax social security income - ANSWERSColorado
CT
Kansas
Minnesota
Montana
New Mexico
RI
Utah
Vermont
WV
Non-deductible Expenses - ANSWERSFederal income
Social Security
Medicare
Federal unemployment
Railroad retirement
Custom duties
Federal estate & gift taxes
Gasoline, car, property improvements, license fee taxes
Foreign personal or real property taxes
State & local income AND sales taxes
All real estate taxes that year if sold home
Nontaxable Income - ANSWERSchild support payments, welfare benefits, cash rebates,
damage awards for personal injury or sickness, gifts, alimony for divorce after 2018,
healthcare benefits, money reimbursed from qualifying adoptions, life insurance policy
when someone dies, money from a qualified scholarship except if spent on rent,
personal expenses.
Is Gofund me taxable? - ANSWERSFalse
, Can you amend your tax return from married filing jointly to married filing separately? -
ANSWERS
Are guaranteed payments considered wages in Box 1 on 1040? - ANSWERSThe
payments are recorded on schedule k-1 and included as income on schedule E of their
form 1040
Form 8812 - ANSWERSAdditional Child Tax Credit
Form 1040 - ANSWERSThe standard Internal Revenue Service (IRS) form that
individuals use to file their annual income tax returns.
Form 1116 - ANSWERSForeign Tax Credit (Individual, Estate or Trust)
Form 2241 - ANSWERSChild and dependent care expenses
Form 5695 - ANSWERSResidential Energy Credits
Form 8862 - ANSWERSInformation To Claim Earned Income Credit
After Disallowance
Form 2210 - ANSWERSUnderpayment of Estimated Tax by Individuals, Estates, and
Trusts
Form 1040 X - ANSWERSAmended U.S. Individual Income Tax Return
Form 1040-SR - ANSWERSU.S. Tax Return for Seniors
Form 1040-NR - ANSWERSnonresident alien
Form 1040 (Schedule C) - ANSWERSUsed to report income or (loss) from a business
operated or a profession practiced as a sole proprietor
Schedule B - ANSWERSInterest and Ordinary Dividends
Schedule SE - ANSWERSForm used to calculate self-employment tax.
Schedule EIC Form - ANSWERSEarned income credit
Schedule E - ANSWERSSupplemental income and loss ( rent, royalty, and pass
through income from Forms 1065, 1120S and 1041)
Schedule D - ANSWERSCapital Gains and Losses
Schedule F - ANSWERSProfit or Loss From Farming
QUESTIONS AND ANSWERS 2026
Married Filing Jointly: Social Security Taxes - ANSWERSBelow $32,000 - No tax
$32k -$44k - 50%
$44k + - 85%
All other filing status': Social Security Tax - ANSWERSBelow $25,000 - No tax
$25k-$34k - 50%
$34k+ - 85%
States that tax social security income - ANSWERSColorado
CT
Kansas
Minnesota
Montana
New Mexico
RI
Utah
Vermont
WV
Non-deductible Expenses - ANSWERSFederal income
Social Security
Medicare
Federal unemployment
Railroad retirement
Custom duties
Federal estate & gift taxes
Gasoline, car, property improvements, license fee taxes
Foreign personal or real property taxes
State & local income AND sales taxes
All real estate taxes that year if sold home
Nontaxable Income - ANSWERSchild support payments, welfare benefits, cash rebates,
damage awards for personal injury or sickness, gifts, alimony for divorce after 2018,
healthcare benefits, money reimbursed from qualifying adoptions, life insurance policy
when someone dies, money from a qualified scholarship except if spent on rent,
personal expenses.
Is Gofund me taxable? - ANSWERSFalse
, Can you amend your tax return from married filing jointly to married filing separately? -
ANSWERS
Are guaranteed payments considered wages in Box 1 on 1040? - ANSWERSThe
payments are recorded on schedule k-1 and included as income on schedule E of their
form 1040
Form 8812 - ANSWERSAdditional Child Tax Credit
Form 1040 - ANSWERSThe standard Internal Revenue Service (IRS) form that
individuals use to file their annual income tax returns.
Form 1116 - ANSWERSForeign Tax Credit (Individual, Estate or Trust)
Form 2241 - ANSWERSChild and dependent care expenses
Form 5695 - ANSWERSResidential Energy Credits
Form 8862 - ANSWERSInformation To Claim Earned Income Credit
After Disallowance
Form 2210 - ANSWERSUnderpayment of Estimated Tax by Individuals, Estates, and
Trusts
Form 1040 X - ANSWERSAmended U.S. Individual Income Tax Return
Form 1040-SR - ANSWERSU.S. Tax Return for Seniors
Form 1040-NR - ANSWERSnonresident alien
Form 1040 (Schedule C) - ANSWERSUsed to report income or (loss) from a business
operated or a profession practiced as a sole proprietor
Schedule B - ANSWERSInterest and Ordinary Dividends
Schedule SE - ANSWERSForm used to calculate self-employment tax.
Schedule EIC Form - ANSWERSEarned income credit
Schedule E - ANSWERSSupplemental income and loss ( rent, royalty, and pass
through income from Forms 1065, 1120S and 1041)
Schedule D - ANSWERSCapital Gains and Losses
Schedule F - ANSWERSProfit or Loss From Farming
