Asked by sarabjot singh on May 07, 2024
Verified
Taxpayers can claim a child tax credit for each qualifying child.How is a qualifying child defined?
Qualifying Child
A dependent who meets certain conditions set by the IRS, related to age, relationship, residency, and support, allowing a taxpayer to claim certain tax benefits.
Child Tax Credit
A tax benefit aimed at helping families offset the cost of raising children by reducing their tax liability.
- Recognize and comprehend the qualifications for a dependent child in relation to Earned Income Credit and additional tax advantages.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
A qualifying child is a son or daughter or descendant of either,a stepson or stepdaughter or descendant of either,or a foster child who the taxpayer can claim as a dependent.The qualifying child must also be a U.S.citizen or resident who is under the age of 17 at the end of the tax year,be younger than the person claiming the credit for the child,and be unmarried.
Learning Objectives
- Recognize and comprehend the qualifications for a dependent child in relation to Earned Income Credit and additional tax advantages.
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