CE Quiz Template - November 2023

As a subscriber to Financial-Planning.com, you can earn up to 12 hours of CE credit from the CFP Board and the Investments & Wealth Institute.

Please read the articles and answer the questions below. To find the related article, click on the hyperlinked title of the story – both online-only articles as well as stories published in the magazine.

You must answer 8 of the 10 questions correctly to qualify for CE credit.

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1. Per the Tax Cuts and Jobs Act, clients who are business owners and aim to take advantage of the research and development tax credit for costs incurred in a foreign country must capitalize and amortize these costs over how many years? *This question is required.

2. Under the Tax Cuts and Jobs Act, medical expenses are deductible once they exceed this percentage of a client’s adjusted gross income. *This question is required.

3. The Section 199A exemption of the Tax Cuts and Jobs Act allows for this percentage deduction of a pass-through entity’s qualified business income. *This question is required.

4. By how much is the standard deduction for single taxpayers rising from 2023 to 2024? *This question is required.

Related Content: IRS adjusts tax items for inflation in 2024

5. In 2024, the annual exclusions for gifts will increase how much compared to 2023? *This question is required.

Related Content: IRS adjusts tax items for inflation in 2024

6. Beginning in 2024, buyers or sellers of qualifying cars may receive a clean vehicle credit of this much for a used car at the point of sale, rather than when filling out their annual tax returns. *This question is required.

7. Which of these is NOT necessary for a refund claim for research and development? *This question is required.

Related Content: IRS extends time to 'perfect' R&D tax credit claims

8. The catch-up contribution to a 401(k) for taxpayers age 50 and over is increasing by how much from 2023 to 2024? *This question is required.

Related Content: IRS increases 401(k) and IRA limits

9. If a client contributes to a workplace retirement plan in 2024 and also wants to deduct contributions to their traditional IRA, the ability to do this will be entirely phased out if their income is over this amount. *This question is required.

Related Content: IRS increases 401(k) and IRA limits

10. Which of these funds has the BEST one-year return? *This question is required.

Related Content: The 10 worst mutual funds of the decade

11. First Name *This question is required.

12. Last Name *This question is required.

13. CFP Board ID Learn more about CFP Board Certification

14. IMCA ID Learn more about IMCA Certification

15. Email Address *This question is required. This question requires a valid email address.

Continuing Education credit — November 2023