March 2026 Questionpalooza

Get ready for the CPA^® Exam with another Questionpalooza! Jerry Mee, Kaylee Benting, and Tiffany Guy are tackling exam questions related to tax, retirement, and estate planning concepts. We're also diving into the new One Big Beautiful Bill tax updates so you know what you may be tested on.

Here are some spoilers about what we're coving: 

• Above-the-Line Deductions: We break down what qualifies and what doesn't, get the scoop on deducting student loan interest and HSA contributions, and find out why Roth IRA contributions and the employer-paid portion of self-employment tax don't make the cut.
• Qualified Charitable Distributions (QCDs): Learn the ins and outs of using QCDs, a powerful tool for clients over age 70 ½. We walk through a real-world scenario to show you how to apply the rules.
• Estate Planning Essentials: Wills, revocable living trusts, and powers of attorney can be confusing. We compare these essential estate planning documents to help you understand which is best for transferring assets quickly and privately while avoiding probate.
• One Big Beautiful Bill Tax Updates: The exam loves to test new rules! We’ll get you up to speed on the latest changes, including the new senior deduction and its phase-out ranges.
• 529 Plan Expenses: Discover all the qualified ways to use a 529 plan, from K-12 tuition and professional credentialing to paying down student loan interest.
• SALT Deduction Cap: We'll guide you through calculating itemized deductions for state and local taxes, including the updated $40,000 cap.

Plus, we share our best test-taking strategies, like how to eliminate wrong answers and systematically approach those tricky multiple-answer questions. 

Try The BIF Review FREE for 30 Days

The BIF Bites podcast episodes are a great way to enhance your knowledge, but to get exam ready, you need a CFP^® Exam Review that teaches you exactly what you need to know. Try the BIF Review FREE for 30 days and see how we help you get over the finish line with a passing score!