Question

Bob, who is not a dependent, states he wishes to claim EITC this year for his 29-year-old dependent child. Both reside in the U.S. Bob tells you that the child lives with him, is not married, is disabled, and has never had a job. What do you need to do to determine if the child can qualify Bob for EITC

Answer 1

To determine if Bob's 29-year-old dependent child can qualify him for the EITC, the child must meet certain criteria such as U.S. citizenship, non-married status, and having a valid Social Security number. The child must also have earned income below a certain threshold and meet the relationship test for qualifying as a dependent. Bob should consult the IRS guidelines or seek professional tax advice to make a definitive determination due to the child's disability and lack of employment history.

Step-by-step explanation:

To determine if Bob's 29-year-old dependent child can qualify him for the Earned Income Tax Credit (EITC), we need to consider a few factors. Although the EITC is primarily targeted towards families with children, it is not restricted to dependents who are minors. The child must meet certain criteria, such as being a U.S. citizen or resident alien, non-married, and having a valid Social Security number. Additionally, the child must have earned income below a certain threshold and meet the relationship test for qualifying as a dependent.

In Bob's case, since his child is 29 years old, it is important to verify that the child meets the definition of a qualifying child or a qualifying relative as stated by the Internal Revenue Service (IRS). The fact that the child is disabled and has never had a job may be relevant in determining their eligibility for the EITC, as disabled individuals may qualify under certain circumstances. To make a definitive determination, it is recommended to consult the IRS guidelines or seek professional tax advice.

Answer 2

To determine if Bob can qualify for EITC based on his 29-year-old dependent child, the child must meet certain criteria such as age, residency, and relationship tests. However, since the child is over the age limit, Bob would not be eligible for the EITC based on this child.

Step-by-step explanation:

To determine if Bob can qualify for the Earned Income Tax Credit (EITC) based on his 29-year-old dependent child, you need to consider several criteria. Firstly, the child must meet the age requirement of under 24 years (or under 19 for a full-time student). Since Bob's child is 29, they do not meet this requirement. Secondly, the child must also meet the residency and relationship tests, which Bob has already confirmed. However, because the child is over the age limit, Bob would not be eligible for the EITC based on this child.