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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.

User Mike Jerred
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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.

User MyICQ
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