Question 54

You received a new client, he asks you about some expenses he is eager to deduct. Which of the following deductions are still available in 2020? a) Qualified bicycle commuting reimbursements. b) Medical expense deduction for long-term care premiums. c) Employer deductions for qualified parking and transit passes. d) General income exclusions for moving expenses reimbursed by the employer.

Question 70

Vince and Gina made a cash contribution at the end of 2020 to their church in the amount of $575. In which scenario will they be able to deduct this entire contribution on their tax return? (Best option). a) They can deduct the contribution, and no written acknowledgment from their church is needed. b) They can deduct the contribution, and no written acknowledgment from their church is needed, other than a statement saying the contribution was an intangible religious benefit. c) They can deduct the contribution, and no written acknowledgment from their church is needed, other than a statement saying that they received no other goods or services as a result of this contribution. d) They can deduct the contribution, and a written acknowledgment from their church is needed. It must be obtained from the qualified organization by the date they file their return.