to your non dependent child if that child is a certain age b

to your non- dependent child if that child is a certain age by the end of the year. What is age? a. b. C. d. 21 or older at the end of the year. 19 or older at the end of the year. 17 or older at the end of the year. 13 or older at the end of the year. In order for a taxpayer to qualify to deduct child care expenses for a dependent child, the child must be under a certain age. What is that age? 41. a. b. c. d. Under age 13 Under age 17 Under age 18 Under age 21 42. Which one of the following statements is correct in regard to being a qualifying child in order to deduct child care expenses? a. The child does not have to be your dependent b. The child must live with you all year. c. A child with an ITIN will qualify for child care credit. d. A 16 year old disabled child who is not able to take care of himself or herself is not considered a qualifying child.. 43. For purposes of the child and dependent care credit, you must have earned income. Which one of the following statements is incorrect in this regard? a. Earned income does include any disability pay you report as wages. b. Earned income includes nontaxable combat pay. c. Earned income does not include strike benefits. d. A net loss from self-employment reduces earned income. 44. For purposes of the child and dependent care credit for a student-spouse, which one of the following statements is correct in regard to qualifying as a full-time student? a. You must have been a student for some part of 5 calendar months b. The months have to be consecutive. c. Enrollment in a school offering courses only through the internet is d. Enrollment in a correspondence school is acceptable. during the year. acceptable. 9

Solution

40. The child must be age 19 or older by the end of the year for taking the child and dependent care credit, if the payment is made to non-dependent child. Correct answer is B.

41. As per Bill passed on 22nd Dec 2017, child and dependent care credit can be claimed for the qualifying child under the age of 17 years till the end of the year. Correct answer is B.

Note: This is as per the latest amendements, earlier it was 13 year in case of dependent child.