VITA Advanced Exam Study Guide 2023

1. Tamara and her ex-husband's divorce was final before December 31, 2018.How does this affect their 2019 tax returns? - d. Tamara is allowed to deduct the alimony paid as an adjustment to income.Her ex-husband is required to include the alimony received as income. 2.What is the most beneficial filing status allowable for Tamara? - c. Head of Household 3.Who can Tamara claim as a qualifying child(ren) for the earned income credit? - d. Tamara can claim both Kimberly and Christian. 4. Who can Charlie and Samantha claim as a qualifying dependent(s) for the credit for other dependents? - a. Harry 5. Which credit(s) are Charlie and Samantha eligible to claim? - c. Child tax credit, child and dependent care credit, and credit for other dependents. 6. Which of the following statements is true? - a. Tony is not required to file a tax return because his gross income is below the filing requirement. 7. Gail can claim Tony on her tax return as a qualifying child for the earned income credit. - a. True 8. Can Sandra claim Debbie as a qualifying relative on her 2019 return? - b. No, because Debbie had gross income of more than $4,200 during the tax year. 9. Which of the following statements is true regarding the Form 1095-A? - d. Sandra and Debbie have a shared policy.Information on the Form 1095-A must be allocated between their two tax returns.Both of their returns are out of scope. 10.Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. - b. False 11.What is the total amount of state income and real estate taxes deductible on Archie's Form 1040, Schedule A? - c. $10,000 12.Which of the following is Archie able to claim as a deduction on his Form 1040, Schedule A? - c. Gambling losses 13.Jennifer wants to have her refund directly deposited into her checking account.What is her bank routing number? - c.