Quiz: The Ultimate Tax Deductions Quiz
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The Ultimate Tax Deductions Quiz
By: Staff
Image: refer to hsw

About This Quiz

We all have to pay taxes, but we all want to keep as much of our money as possible. Knowing how to navigate the complex tax code to your benefit is not easy. Do you know which things you can deduct from your income? Take our quiz to find out what you know about the complex world of tax deductions.

2.0 of 20
How many Americans fail to take advantage of all the tax deductions available to them?
3.0 of 20
If you want to ensure that you declare your taxes accurately and legally, you should do which of the following?
4.0 of 20
Above-the-line deductions are applied to which of these?
6.0 of 20
A married couple receives a standard deduction of what amount?
8.0 of 20
Which of these is an example of an expense you can itemize?
9.0 of 20
How much of the interest on a student loan can you deduct if you're not a dependant?
10.0 of 20
What percentage of the interest on your mortgage can you deduct?
12.0 of 20
What are the two categories of charitable organizations?
13.0 of 20
What percentage of your contributions to a public charity may you deduct?
14.0 of 20
How do find out whether your contributions to a charity are deductable?
15.0 of 20
To deduct health insurance expenses from your AGI, the expenses must exceed what percentage?
16.0 of 20
What is the approximate income cap on the earned income tax credit.
17.0 of 20
Which form should fill out to amend your tax deductions?
18.0 of 20
Which of these is an example of an non-itemized tax deduction?
19.0 of 20
You may claim a child tax credit until your child is how old?
20.0 of 20
What is the maximum you can deduct from your contributions to an Individual Retirement Account (IRA)?
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