Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tim’s wages were $31,250; Deborah’s wages were $19,000; Jude’s gross income was $5,300; Skyler’s was $0. Tim and Deborah had no foreign income and $350 of dividends.
Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tim’s wages were $31,250; Deborah’s wages were $19,000; Jude’s gross income was $5,300; Skyler’s was $0. Tim and Deborah had no foreign income and $350 of dividends.
Question 1
What is Tim and Deborah's correct and most favorable 2020 filing status?
Question 2
What is Jude's dependency status for Tim and Deborah?
Question 3
What is Skyler's dependency status for Tim and Deborah?
Question 4
Are Tim and Deborah eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response.
Question 5
Is Tim eligible to claim and receive the Earned Income Credit?
Yes |
No |
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