Question

Linda Perkins (64) shared a home all year with her son, Dennis (41), and Dennis’s son,...

Linda Perkins (64) shared a home all year with her son, Dennis (41), and Dennis’s son, Chase (20). Linda and Dennis worked full time and Chase was a part-time student. No one else lived in the home. Assuming that both Linda and Dennis have earned income and an AGI of at least $20,000, but less than $30,000, which of them may claim and receive the Earned Income Tax Credit?

No one.

Linda only.

Both Linda and Dennis.

Either Linda or Dennis, but not both.

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Answer #1

d. Either Linda or Dennis, but not both.

Explanation: Earned Income Tax Credit is the deduction allowed to married or individuals having children and earning low income. In the question both Linda and Dennis are the earning members having children living in the same house, hence, either of them would be eligible to claim and receive Earned Income Tax Credit. Both of them would have been eligible for earned income tax credit if they would have been living in separate houses.

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