Episodi

  • Enrolled Agent Exam [Part 1] 03, Standard Deduction for 2025

    Enrolled Agent Exam [Part 1] 03, Standard Deduction for 2025
    Jan 18 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • The specific 2025 standard deduction amounts for Single, MFJ, and Head of Household. • How to determine whether a taxpayer should take the standard deduction or itemize their deductions. • How the standard deduction is increased for taxpayers who are age 65 or older, or are blind. • How the new "One Big Beautiful Bill" creates a significant senior deduction that replaces the prior age-based add-on. • How to calculate a taxpayer's full standard deduction in a complex exam scenario involving multiple additional amounts. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 min
  • Enrolled Agent Exam [Part 1] 02, Filing Status Determination

    Enrolled Agent Exam [Part 1] 02, Filing Status Determination
    Jan 17 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Marital status for tax filing is determined on the last day of the year, December 31st. • The Head of Household status requires being unmarried, paying for more than half the cost of a home, and having a qualifying person reside there for more than half the year. • A taxpayer can claim Head of Household based on a dependent parent even if the parent does not live with them. • Qualifying Surviving Spouse status extends joint filing benefits for two years after a spouse's death if the survivor has a dependent child and remains unmarried. • The 'considered unmarried' rule allows a married individual to file as Head of Household if their spouse has not lived with them for the last six months of the year. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    3 min