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Taxpayer information Andrew supports his cousin Mary, who does not live with him. Mary has no income and is single. Bob and Ann are filing a joint return. Bob provided over one-half of his fathers support. The father received Social Security benefits of $6,000 and taxable interest income of $800. The father is single and does not live with them. a. b. Clay provides 60% of his single daughters support. She earned $3,000 while attending school during the year as a full-time student. She is 22 years old. Dave provided 30% of his mothers support and she provided 55% of her own support. Daves brother provided the remainder. The brother agreed to sign a multiple support agreement. C. d,Requirement How many dependents does the taxpayer have, assuming the people involved are U.S. citizens? Which dependents qualify for the child credit? (S Number of dependents Dependent which qualifies for the child credit Taxpayer Andrew supports his cousin Mary, who does not live with him. Mary has no income and is single. a. Dependent which Number of dependents qualifies for the child credit Taxpayer Bob and Ann are filing a joint return. Bob provides over one-half of his fathers support. The father receives Social Security benefits of $6,000 and taxable interest income of $800. The father is single and does not live with them. b. Number of dependents Dependent which qualifies for the child credit Taxpayer Clay provides 60% of his single daughters support. She earned $3,000 while attending school during the year as a full-time student. She is 22 years old. c. Number of dependents Dependent which qualifies for the child credit Taxpayer Dave provided 30% of his mothers support and she provided 55% of her own support.

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Answer #1

Answer

Particulars

No.of

Dependents

Dependent which qualifies

for the child tax credit
a. Andrew 0 None
b. Bob and Ann 1 None
c. Clay 1 None
d. Dave 0 None

Notes:

a. Andrew cannot claim Mary has dependent as she doesnot live with him for the year. The list of qualifying relatives who does not live with tax payers doesnot include cousins.

b. Bob can claim his father as dependent as he pays over half of his father's expenses even though the father doesnot live with Bob. Also, his father doesnot have any earned income above $ 4,150 in 2018( onle social security benefit of $ 6,000 and interest income $800).

c.Clay can claim her daughter as dependent child as she provides 60% of her expense and is under 24 years and full time student.

d. Dave cannot claim dependent as he pays for less than half of his mother's expenses only ( Dave could have claimed for his mother's 30% expenses by filing FORM 2120 if his brother would have agreed for not claiming her as dependent )

*None of the above cases qualifies for child tax credit as only the taxpayers child who is under 17 years and lives with them are eligible to be claimed along with other criterias.

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