Age Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Qualifying Child for Child Tax Credit

A

17 years old

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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

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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
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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

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