True or False: In order to claim the Child Tax Credit for a qualifying child, the child must be under age 17 OR under age 24 and a full-time student.

Question

BlackTom AI · Accepted Answer

Statement restatement: The question asks whether the following proposition is true or false: 'In order to claim the Child Tax Credit for a qualifying child, the child must be under age 17 OR under age 24 and a full-time student.'

Option A: True. This option claims the eligibility hinges on either being under 17, or being under 24 and a full-time student. While this combines two age-related conditions, the official qualification rule for the Child Tax Credit (CTC) does not grant a separate path for a 24-year-old full-time student. The CTC requires a qualifying child to be under age 17 at the end of the tax year. The addition of an under-24, full-time student criterion does not apply to the basic CTC eligibility.

Option B: False. This option reflects that the statement as written is inaccurate because the CTC’s core eligibility hinge is the child being under 17 at year-end. There is no standard provision that a qualifying child must be under 24 and a full-time student to qualify for the CTC. In other words, the 'under 24 and full-time student' condition is not a valid alternate path to meet the CTC requirement.

Why Option A is not correct: The true criterion centers on the age threshold of under 17 at year-end; the inclusion of a separate under 24 full-time student condition is not part of the basic Child Tax Credit qualification. The presence of an age 24 cutoff for full-time students typically relates to other education credits or dependent-related rules, not the CTC as commonly defined.

Why Option B is not correct because it labels the statement as true, whereas the actual rule does not support the combined condition 'under 17 OR under 24 and a full-time student' as a standalone path for CTC eligibility. The proper understanding is that the qualifying child must be under 17 at year-end to meet the CTC criteria, regardless of student status if the child is 17 or older.

Note on nomenclature: If a child is not a qualifying child for the CTC due to age, there are other tax provisions (like the Credit for Other Dependents) that handle different scenarios, but those do not alter the core 17-year threshold for the CTC itself.

accy_505_120258_250069 Module 2 Practice Quiz

True or False: In order to claim the Child Tax Credit for a qualifying child, the child must be under age 17 OR under age 24 and a full-time student.

查看解析

登录即可查看完整答案

类似问题

Joe reported $330,000 AGI and $300,000 taxable income on his head-of-household tax return for the current year. Joe has four dependent children: Beatrice, age 19; Bruce, age 16; Angie, age 11, and Arnold, age 8. Compute Joe's child tax credit for the current year, if any.

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单