REG R2 Test Questions & Answers 2024/2025
Deductions to Arrive at Adjusted Gross Income - ANSWERSAdjustments
Self-Employment Adjustments
Not deductible on Schedule C - ANSWERSHalf of Self Employment FICA
Self-Employed Health Insurance
Self-Employed Retirement
Eligible Educators Expen...
Deductions to Arrive at Adjusted Gross Income - ANSWERSAdjustments
Self-Employment Adjustments
Not deductible on Schedule C - ANSWERSHalf of Self Employment FICA
Self-Employed Health Insurance
Self-Employed Retirement
Eligible Educators Expense - ANSWERS250, 500 for married if both teachers
Cannot Deduct IRA - ANSWERSExcessive AGI, AND
In another retirement plan (spouse's plan does not count)
Spouse Plan Exception - ANSWERSIf superrich and spouse has a plan Deduction is subject to phase-out
Roth IRA Contributions - ANSWERSMust be combined with Traditional IRA and subject to same limit.
Subject to Phase-out
Non-deductible IRA - ANSWERSFall-back if not eligible for Trad. or Roth
Other General Adjustments - ANSWERSHSA
Student Loan Interest
Tuition and Fees for Higher Ed
Moving Expenses for Employment
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