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2024 VITA Basic Exam Questions and Answers 2024/2025 Verified Answers VITA Basic Exam

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2024 VITA Basic Exam Questions and Answers 2024/2025 Verified Answers VITA Basic Exam What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? - ANS-Head of Household Joe can claim a higher standard deduction because he is blind. - ANS-True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. - ANS-false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. - ANS-false Which of the Reynolds children qualifies for the child tax credit (CTC)? - ANS-Laura and Timothy Archie and Tina will not itemize deductions but can deduct the full amount of theircharitable contribution. - ANS-false The Brooks qualify for the Credit for Other Dependents. - ANS-True The Brooks qualify for the Earned Income Tax Credit. - ANSfalse Alan cannot claim the Earned Income Tax Credit because his age is more than theage limit. - ANS-False . Alan must take a required minimum distribution in 2021. - ANS-false Bobbie can exclude his unemployment compensation on his 2021 tax return. - ANS-False Bobbie is eligible for the following credit: - ANS-American Opportunity Credit Lifetime learning credit earned income credit ??? Bobbie can claim the student loan interest deduction on his tax return. - ANS-true false


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