Podcast
Questions and Answers
True or false: If neither person is the qualifying relative's parent, the person with the highest adjusted gross income will always be entitled to claim the qualifying relative.
True or false: If neither person is the qualifying relative's parent, the person with the highest adjusted gross income will always be entitled to claim the qualifying relative.
False
True or false: Qualifying children must be under 18 years old to be considered a dependent for tax purposes.
True or false: Qualifying children must be under 18 years old to be considered a dependent for tax purposes.
False
What is the age requirement for a qualifying child for tax purposes?
What is the age requirement for a qualifying child for tax purposes?
Who is entitled to claim the qualifying relative if neither person is the qualifying relative's parent?
Who is entitled to claim the qualifying relative if neither person is the qualifying relative's parent?
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What is the maximum gross income that a qualifying relative can have in a year?
What is the maximum gross income that a qualifying relative can have in a year?
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True or false: Qualifying relatives must reside with the taxpayer for more than half the year to be considered a dependent for tax purposes.
True or false: Qualifying relatives must reside with the taxpayer for more than half the year to be considered a dependent for tax purposes.
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Which of the following is NOT a requirement for a qualifying child?
Which of the following is NOT a requirement for a qualifying child?
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True or false: A qualifying relative for tax purposes must live with the taxpayer for more than half the year.
True or false: A qualifying relative for tax purposes must live with the taxpayer for more than half the year.
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What is the determining factor if both people have the qualifying relative live with them for the same amount of time?
What is the determining factor if both people have the qualifying relative live with them for the same amount of time?
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What is the residency requirement for a qualifying child for tax purposes?
What is the residency requirement for a qualifying child for tax purposes?
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True or false: Qualifying children can provide up to half of their own support for the year and still be considered a dependent for tax purposes.
True or false: Qualifying children can provide up to half of their own support for the year and still be considered a dependent for tax purposes.
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What is the gross income limit for a qualifying relative for tax purposes?
What is the gross income limit for a qualifying relative for tax purposes?
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What is the minimum amount of time that a qualifying relative must be a member of the taxpayer's household?
What is the minimum amount of time that a qualifying relative must be a member of the taxpayer's household?
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What is the support requirement for a qualifying relative for tax purposes?
What is the support requirement for a qualifying relative for tax purposes?
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True or false: The gross income limit for qualifying relatives to be considered a dependent for tax purposes is $4,500.
True or false: The gross income limit for qualifying relatives to be considered a dependent for tax purposes is $4,500.
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True or false: Both qualifying children and qualifying relatives must meet specific tests, including age, residency, and support, to be considered a dependent for tax purposes.
True or false: Both qualifying children and qualifying relatives must meet specific tests, including age, residency, and support, to be considered a dependent for tax purposes.
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What are the three tests that a qualifying child must meet for tax purposes?
What are the three tests that a qualifying child must meet for tax purposes?
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Study Notes
- There are two types of dependents for tax purposes: qualifying children and qualifying relatives.
- Qualifying children must meet age, residency, and support tests.
- Qualifying children must be under 19, a full-time student under 24, or permanently and totally disabled at any age.
- Qualifying children must live with the taxpayer for more than half the year.
- Qualifying children cannot provide more than half of their own support for the year.
- Qualifying relatives must meet relationship, gross income, and support tests.
- Qualifying relatives must be a member of the taxpayer's household for more than half the year or a close relative of the taxpayer who is not a member of the taxpayer's household for more than half the year.
- Qualifying relatives' gross income for the year must be less than $4,300.
- Qualifying relatives cannot provide more than half of their own support for the year.
- Both types of dependents have specific criteria that must be met in order to qualify for tax purposes.
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Description
"Test your knowledge on tax dependents with this quiz! Learn about the different types of dependents, including qualifying children and qualifying relatives, and the specific tests they must pass to be eligible for tax purposes. From age and residency requirements to income and support tests, this quiz covers it all. Sharpen your understanding of tax dependents and ace your next tax season with this informative quiz."
