IRS VITA/TCE Advanced Certification with correct answers
Maximum Foreign Income Exclusion (Changes to 2016) ANSWER-Increased to $101,300 Maximum Foreign Housing Exclusion (Changes to 2016) ANSWER-Increased to $44.28 per day Modified Adjusted Gross (AGI) Limit (IRAs and Other Retirement Plans) ANSWER-*Max IRA Deduction remains at $5,500, ($6500 if age 50 older) ** If a taxpayer is covered by a retirement plan at work, the deduction for contributions to a traditional IRA is reduced (phased out) if the modified AGI is:
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- Uploaded on
- March 7, 2024
- Number of pages
- 8
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers