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Exam (elaborations)

Enrolled Agent Exam Individual questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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Enrolled Agent Exam Individual questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • Agent Certifications
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AnswersCOM
Enrolled Agent Exam Individual
1040 - ANS-All tax returns that do not belong on 1040NR

1040 A - ANS-Taxable income less than $100,000, no self-employment, no schedule A, only
certain adjustments and credits

1040 EZ - ANS-Taxable income less than $100,000, income from wages, salaries, tips,
unemployment, Alaska permanent fund dividend, taxable scholarships, taxable interest.
Single or Married filing jointly, under age 65, not blind, no dependents, interest income of less
than $1,500, no adjustments or credits other than EITC.

1040NR - ANS-Used by non-resident aliens to report US income.

Adoption credit maximum - ANS-$13,400

American Opportunity credit maximum - ANS-$2,500

ATIN - ANS-adoption taxpayer identification number - used to claim child as dependent if placed
in home for legal adoption, domestic adoption or legal foreign adoption with permanent resident
alien card or certificate of citizenship, can't obtain child's SSN despite reasonable attempts, not
eligible for SSN for reasons such as adoption not finalized. This dependent not eligible for EITC.

Child tax credit - ANS-$1,000

Coverdell education savings account maximum - ANS-$2,000

Credit for child and dependent care expenses - ANS-$3,000 one child, $6,000 two or more

EITC maximum no children - ANS-$503

EITC maximum one child - ANS-$3,359

EITC maximum three children - ANS-$6,242

EITC maximum two children - ANS-$5,548

EITC phase out no children - ANS-$14,820 ($20,330 MFJ)

EITC phase out one child - ANS-$39,131 ($44,651 MFJ)

EITC phase out three children - ANS-$47,747 ($53,267 MFJ)

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