asked 63.5k views
4 votes
Which of the following statements is NOT true concerning the Other Dependent Credit

2 Answers

0 votes

Answer:

B

Step-by-step explanation:

Residents of Canada meet the definition as a qualifying person.

answered
User Mike Jerred
by
7.8k points
7 votes

Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Step-by-step explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

answered
User MyICQ
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories