Taxpayer and spouse have two children. Child A is three years old. Child B is 22....
Taxpayer and spouse have two children. Child A is three years old. Child B is 22. Both children live with Taxpayer and Spouse full time. Child B works part time for Starbucks and goes to school part time. Taxpayer and Spouse also provide support for Spouse’s Father. Father has $20,000 in gross income. Taxpayer and Spouse provide more than half of Father’s support.
How many qualified children are in this example?
Homework Answers
A qualifying child for the purposes of tax is :
1. Must be below the age of 24 and a full time student
2. Below the age of 19
3. The child is permanently and totally disabled.
In the example, only Child A meets the above requirements and hence can be treated as qualified children. Child B is above the age of 19 and goes to school part time and hence cannot be considered.
Father is considered under qualifying relative.
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Taxpayer and spouse have two children. Child A is three years
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