Module 1 Flashcards
1
Q
CARES test = Qualifying Child (option 1)
A
Close relative
Age limit = 19 or 24 + college
Residency and Filing Requirements = more than one half of the tax year
Eliminate Gross income test
Support Test Charges = child did not contribute more than one half of his/her own support
2
Q
Qualifying relative = Option #2 (SUPORT)
A
Support test - more than half
Under Exemption Amount - $4050
Precludes dependent filing a joint return
Only citizens of the United States or residents of US, Mexico, & Canada
Relative - bro, sis, auntie, uncle
Taxpayer lives with the individual (non relative) for the Whole Year
