ed
Level 1
12-07-2019
01:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are dependent children over 16 years old and full-time students subject to the income limitation of $4,150 in order to claim the other dependent credit?
Best Answer Click here
Labels
Level 11
12-07-2019
01:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No. The old "who can be your dependent" rules apply to the ODC.
itonewbie
Level 15
12-07-2019
01:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Agree with Phoebe.
Remember that TCJA did not change the definitions of dependents under §152; it merely reduced exemptions to $0 temporarily. Nothing in the Code that references dependants, qualifying child, and qualifying relatives has changed.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
Level 15
12-07-2019
01:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The ODC due diligence worksheet seems to be misleading when they ask about the income...it doesn't differentiate qualifying child vs qualifying relative.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪