CPA TCP: Gift tax and personal financial planning
Blueprint I.C, I.D · Area I, Tax Compliance and Planning for Individuals and Personal Financial Planning · 30–40% of TCP
Ten TCP questions on gift tax and personal financial planning, untimed, with a reason for every answer option.
Or take the full TCP mock examIn 2026, Mark, who is unmarried, gives his son $50,000 in cash. Assume the annual gift tax exclusion is $19,000. What is the amount of the taxable gift?
Gift tax and personal financial planning on CPA TCP
This topic covers gift tax compliance and planning and personal financial planning: annual exclusions, gift splitting, the marital and educational exclusions, the basic exclusion amount and choices among retirement, insurance and education savings vehicles.
- Blueprint groups
- I.C, I.D
- Share of the section
- Area I, Tax Compliance and Planning for Individuals and Personal Financial Planning: 30–40%
- 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
- The annual exclusion applies per donee to gifts of present interests; gifts of future interests do not qualify (IRC §2503(b)).
- Spouses can elect to split gifts to third parties, treating each as giving half (IRC §2513).
- Tuition paid directly to a school and medical costs paid directly to a provider are excluded without limit (IRC §2503(e)); gifts to a U.S. citizen spouse qualify for the unlimited marital deduction.
- H.R. 1 set the basic exclusion amount for estate and gift tax at $15 million for 2026, indexed afterward.
- Form 709 is due April 15 of the year after the gift, extended with the donor's income tax extension.
- Qualified 529 withdrawals are tax-free; SECURE 2.0 allows up to $35,000 lifetime of 529-to-Roth rollovers for accounts open more than 15 years.
Test yourself on gift tax and personal financial planning
Ten TCP questions on gift tax and personal financial planning, untimed, with a reason for every answer option.
Or take the full TCP mock examCommon questions
How much of the TCP section is gift tax and personal financial planning?
It sits in Blueprint Area I (I.C, I.D). The AICPA weights whole areas, not single topics; see the area’s range on the TCP page. Our 68-question mock draws each area at the middle of its range.
Are these real TCP 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.
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TCP full mock exam: 4 hours, 5 testletsTCP 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.