[Anonymous]

Will an REG exam taken in 2013 use the deduction, phase-out, etc. amts which are applicable to tax year 2013, or tax year 2012?

To demonstrate, the max IRA contribution in 2012 is $5000 while in 2013, the max contribution is $5500. On which set of amts will my exam, to be taken on 10/12/13, be tested?

If it’s on tax year 2013 amts, I’m boned bc my Wiley books use the 2012 amts…

[Anonymous]

dmurph51- They don't test on specific years. They will provide the amounts in the question so that they don't have to update questions every year.

[Author]

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