Intuit Academy Tax Course One
Study online at https://quizlet.com/_eycq06
1. Schedule A Itemized Deductions
2. Schedule B Interest and Ordinary Dividends
3. Schedule C Profit Or Loss From Business
4. Schedule D Capital Gains & Losses
5. Schedule E Supplemental Income and Loss
6. Schedule 1 Additional income and adjustments to income
7. Schedule 2 Additional Taxes
8. Schedule 3 Additional Credits & Payments
9. You get a higher age 65 and/or blind
deduction for
10. When is alimony Taxable decree date on or before 12/31/2018 and non taxable 1/01/2019 and
taxable / non tax- after
able
11. Five types of De- Work related (expenses of earning income), investment related (IRA), healthcare
ductions (HSA), education (student loan) and itemized (gambling losses).
12. Gross income 4,700 (2023)
max for qualify-
ing relative to be
claimed as a de-
pendent
13. Standard Deduc- S-13,850 /MFS-13,850/ HH-20,800/ MFJ-27,700 /QW-27,700
tion (2023)
, Intuit Academy Tax Course One
Study online at https://quizlet.com/_eycq06
14. Tax deductions Taxable Income (amount of income subject to tax)
reduce
15. Where are the 1040 Income section (line 10) and schedule 1 part 2 (adjustments to income- line
above the line de- 26)
ductions listed on
the tax forms
16. List three below Standard (amount depends upon age, income, and filing status), Itemized (sched-
the line deduc- ule a), Qualified Business Income
tions
17. Above the line de- Ira contributions, HSA contributions, self-employed health insurance, 1/2 of
ductions self-employment tax, student loan interest, alimony (1/01/2019 and after)/ Sched-
ule 1 Part 2 Adjustments to income and 1040 line 10)
18. What is the For- Nonrefundable credit that reduces liability for income taxes paid (via withholding)
eign Tax Credit to a foreign government. Must work in foreign country or have foreign investments.
and what does it
do?
19. What is the for- It allows you to exclude $120,000 (2023) in income earned outside the US.
eign earned in-
come tax exclu-
sion?
20. What are the res- Resident Alien (green card or substantial presence), non-resident alien (not US
ident status for citizen or resident alien), or dual-status (status changed during year between
tax purposes? resident and non-resident or vice versa)
21. Substantial pres- in US 31 days in current year and 183 days over last 3 years.
ence test that
determines resi-
Study online at https://quizlet.com/_eycq06
1. Schedule A Itemized Deductions
2. Schedule B Interest and Ordinary Dividends
3. Schedule C Profit Or Loss From Business
4. Schedule D Capital Gains & Losses
5. Schedule E Supplemental Income and Loss
6. Schedule 1 Additional income and adjustments to income
7. Schedule 2 Additional Taxes
8. Schedule 3 Additional Credits & Payments
9. You get a higher age 65 and/or blind
deduction for
10. When is alimony Taxable decree date on or before 12/31/2018 and non taxable 1/01/2019 and
taxable / non tax- after
able
11. Five types of De- Work related (expenses of earning income), investment related (IRA), healthcare
ductions (HSA), education (student loan) and itemized (gambling losses).
12. Gross income 4,700 (2023)
max for qualify-
ing relative to be
claimed as a de-
pendent
13. Standard Deduc- S-13,850 /MFS-13,850/ HH-20,800/ MFJ-27,700 /QW-27,700
tion (2023)
, Intuit Academy Tax Course One
Study online at https://quizlet.com/_eycq06
14. Tax deductions Taxable Income (amount of income subject to tax)
reduce
15. Where are the 1040 Income section (line 10) and schedule 1 part 2 (adjustments to income- line
above the line de- 26)
ductions listed on
the tax forms
16. List three below Standard (amount depends upon age, income, and filing status), Itemized (sched-
the line deduc- ule a), Qualified Business Income
tions
17. Above the line de- Ira contributions, HSA contributions, self-employed health insurance, 1/2 of
ductions self-employment tax, student loan interest, alimony (1/01/2019 and after)/ Sched-
ule 1 Part 2 Adjustments to income and 1040 line 10)
18. What is the For- Nonrefundable credit that reduces liability for income taxes paid (via withholding)
eign Tax Credit to a foreign government. Must work in foreign country or have foreign investments.
and what does it
do?
19. What is the for- It allows you to exclude $120,000 (2023) in income earned outside the US.
eign earned in-
come tax exclu-
sion?
20. What are the res- Resident Alien (green card or substantial presence), non-resident alien (not US
ident status for citizen or resident alien), or dual-status (status changed during year between
tax purposes? resident and non-resident or vice versa)
21. Substantial pres- in US 31 days in current year and 183 days over last 3 years.
ence test that
determines resi-
