
2023 Tax Updates and Form 1040 Overview
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Nancy Jackson
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the new standard deduction for a single filer in 2023?
$15,000
$13,850
$12,400
$14,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which holiday allows residents of Massachusetts to file their taxes later than April 15th?
Independence Day
Labor Day
Patriots Day
Thanksgiving
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the increased amount for the additional child tax credit per qualifying child?
$2,000
$1,400
$1,000
$1,600
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form should be used to report the clean vehicle credit for previously owned vehicles?
Form 7206
Form 1040
Form 8936
Form 3800
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum one-time distribution amount allowed from an IRA to charities starting in 2023?
$10,000
$25,000
$50,000
$100,000
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