Which of the following describe what a "dependent" is for tax purposes?*2 pointsSomeone under the age of 19 who you financially supportSomeone who is temporarily disabledSomeone who financially supports youSomeone who is a full-time student under the age of 30
Question
Which of the following describe what a "dependent" is for tax purposes?*2 pointsSomeone under the age of 19 who you financially supportSomeone who is temporarily disabledSomeone who financially supports youSomeone who is a full-time student under the age of 30
Solution
For tax purposes, a "dependent" is described as:
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Someone under the age of 19 who you financially support: This is correct. The IRS allows you to claim a "child" dependent if they are under the age of 19 at the end of the tax year, and you provide more than half of their financial support.
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Someone who is temporarily disabled: This can be correct. The IRS allows you to claim a "qualifying relative" dependent if they are permanently and totally disabled. The disability can be physical or mental. However, you must also provide more than half of their financial support.
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Someone who financially supports you: This is incorrect. If someone financially supports you, they may be able to claim you as a dependent on their tax return, not the other way around.
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Someone who is a full-time student under the age of 30: This is partially correct. The IRS allows you to claim a "child" dependent if they are a full-time student under the age of 24 at the end of the tax year, and you provide more than half of their financial support. The age limit is not 30, it's 24.
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