Asked by Cameron Brown on Jun 19, 2024
Verified
A taxpayer can claim a dependency exemption if the person is a qualifying child or a qualifying relative and the person meets three tests.List the three tests this person must meet.
Dependency Exemption
A tax deduction available to taxpayers for each qualifying dependent, reducing the taxable income. It has been suspended for tax years 2018 through 2025 under the 2017 Tax Cuts and Jobs Act.
Qualifying Child
A dependent who meets specific IRS criteria related to relationship, age, residency, and support, affecting tax benefits.
Tests
Examinations or assessments used to measure knowledge, skills, abilities, or performance.
- Gain an understanding of the qualifications for child and relative exemptions, including the mandated tests for eligibility.
Verified Answer
1.Dependent taxpayer test.
2.Joint return test.
3.Citizen or resident test.
Learning Objectives
- Gain an understanding of the qualifications for child and relative exemptions, including the mandated tests for eligibility.
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