CPA REG: Individual deductions, loss limits, filing status and credits
Blueprint IV.C–IV.F · Area IV, Federal Taxation of Individuals · 22–32% of REG
Ten REG questions on individual deductions, loss limits, filing status and credits, untimed, with a reason for every answer option.
Or take the full REG mock examWhich credit is entirely nonrefundable?
Individual deductions, loss limits, filing status and credits on CPA REG
This topic finishes Area IV: adjustments to AGI, itemized deductions, loss limitations (passive, at-risk, NOL), filing status and the computation of tax and credits, including AMT.
- Blueprint groups
- IV.C–IV.F
- Share of the section
- Area IV, Federal Taxation of Individuals: 22–32%
- Our drill
- 10 questions from 12 on this topic, untimed, with a reason for every option; one free attempt, unlimited with a pass
What to know
- Above-the-line adjustments include the deductible half of self-employment tax, HSA contributions and pre-2019 alimony.
- Medical expenses are deductible above 7.5% of AGI; H.R. 1 raised the SALT cap to $40,000 for 2025 with a phase-down for high incomes.
- Gifts of long-term capital gain property to public charities are deducted at FMV, generally limited to 30% of AGI.
- Active participants in rental real estate may deduct up to $25,000 of losses, phased out by 50% of modified AGI over $100,000 (IRC §469(i)).
- NOLs arising after 2020 carry forward indefinitely and offset up to 80% of taxable income (IRC §172).
- Head of household status is available to an unmarried taxpayer who maintains a home for a dependent parent even if the parent lives elsewhere.
Test yourself on individual deductions, loss limits, filing status and credits
Ten REG questions on individual deductions, loss limits, filing status and credits, untimed, with a reason for every answer option.
Or take the full REG mock examCommon questions
How much of the REG section is individual deductions, loss limits, filing status and credits?
It sits in Blueprint Area IV (IV.C–IV.F). The AICPA weights whole areas, not single topics; see the area’s range on the REG page. Our 72-question mock draws each area at the middle of its range.
Are these real REG questions?
No. The AICPA does not release live exam questions. These are original practice questions written to the published 2027 CPA Exam Blueprints, with a reason for every answer option and the standard or code section behind the key.
More REG topics
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- Business law: agency, contracts, debtor-creditor, federal law and business structuresdrill
- Basis, cost recovery and property transactionsdrill
- Individual gross income and pass-through itemsdrill
- Book-tax differences and C corporationsdrill
- S corporations, partnerships, LLCs and exempt organizationsdrill
REG full mock exam: 4 hours, 5 testletsREG task-based simulations
Blueprint and exam facts checked November 2026: AICPA: Learn what is tested on the CPA Exam (Blueprints effective January 1, 2027) · AICPA: CPA Exam score release and testing windows · NASBA: CPA Exam FAQ · Virginia Board of Accountancy: CPA Exam fees.
Original independent practice questions written to the AICPA CPA Exam Blueprints. Not affiliated with or endorsed by the AICPA or NASBA.