Age Flashcards
1
Q
Qualifying Child for Child Tax Credit
A
17 years old
2
Q
Qualifying Dependent Tax Credit -
A
qualifying children under age 17
qualifying relatives and qualifying child age 17 <
*SSN is not required for this credit
3
Q
Tax Credits Child and Dependent Care Credit - Age of Dependent and how much
A
dependent under age 13
credit of 20% of the expenses paid
limited to
- lesser of actual costs or $3k for 1 kid and $6k for 2 or more qualified individuals
- the earned income of the lower earning spouse
4
Q
Kiddie Tax
A
a person under the age of 19 or under the age of 24 and a full time student at the end of the tax year
pay tax at their parent’s tax rate if they had more than $2200 in unenarned income