Question

All Of the following dependents qualify for the new Other Dependent credit (ODC) EXCEPT: A cousin...

All Of the following dependents qualify for the new Other Dependent credit (ODC) EXCEPT:

A cousin who satisfies the qualifying relative dependency rules

An 18-year-old and qualifying child

A child who qualifies for the child tax credit

A 32-year-old brother who satisfies the qualifying relative dependency rules

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Answer #1

Answer :-

Explanation :-

  • New other ward credit (ODC) permits another $500 credit (per subordinate ) for any of citizen's wards who are not qualifying youngsters under 17.
  • There is no upper age constrain for the $500 credit. Notwithstanding, impose tests for reliance must be met by wards for whom the citizen claims ODC.
  • On the other hand,child charge credit enables citizens to diminish their government pay impose by up to $1,000 for each qualifying tyke younger than 17 .
  • In this manner, obviously citizen who claims kid assess credit for the offspring of age 17 ,can't guarantee ODC and subsequently, Option - 3 Holds.

So, the Final answer is A child who qualifies for the child tax credit .

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