WebbIn August, Keenan moved out. The couple divorced in December. Both Tonya and Keenan have jobs. Tonya's earned income and adjusted gross income for the year were $13,000, and Keenan's earned income and adjusted gross income were $14,000. Who can claim Timothy as a qualifying child for the earned income credit using the tiebreaker rules? A. … WebbExcerpts from Your Federal Income Tax (2024) pages 32,33. This video is in portrait mode. For smartphone users, Playback Settings; Quality- choose 720p or 1...
Claiming Dependents on Your Federal Tax Return - The Balance
WebbAccounting questions and answers. Becky is 25 years old and unmarried. She has two children: Seth is 7 years old and Kathleen was born in 2024. They all lived with Donna, Becky’s mother, in 2024. • Seth and Kathleen’s father do not live with them, and Becky has not signed a Form 8332. • Becky works full-time and made $30,000 in 2024. WebbSpecial Test For A Qualifying Child Of More Than One Person (Tiebreaker Rules) If more than one taxpayer could claim your child, that is, if the child meets the relationship, age, … high rise walk new york
HOW TO APPLY THE TIE-BREAKER RULE WHEN A CHILD IS A …
WebbUNIFORM DEFINITION OF A QUALIFYING CHILD Current Law The tax code provides assistance to families with children through the dependent exemption, head-of-household filing status, child tax credit, child and dependent care tax credit, and earned income tax credit (EITC). However, each of these provisions has a unique definition of eligible child. WebbA qualifying dependent must be a U.S. citizen, U.S. national, or a resident of the U.S., Canada, or Mexico. A spouse can never be a dependent. If you can be claimed as a … Webb17 jan. 2024 · If another person uses a taxpayer’s qualifying child to claim the earned income tax credit (EITC) under the tie breaker rules, the taxpayer may claim the EITC only … high rise waisted jeans for men