Martin and Eleanor divorced in 2015 after 20 years of Marriage. Their son, Carter, lives with his
Question:
Martin and Eleanor divorced in 2015 after 20 years of Marriage. Their son, Carter, lives with his mom and visited his dad on weekends and certain holidays, Elinor signed a form 8332 releasing Carter's dependency on Martin in 2015 and checked the box for all future tears. In March 2020, Carter turned 18, which is the age of majority in their state, Carter continued to live with his mum while finishing high school and starting junior college. What child-related tax benefits will be able to claim on his 2020 tax return?
A The earned income tax credit.
B The other dependent credit
C Both the EIC and the other Dependent Credit
S Martin is not able to claim any child-related tax credits.
The Legal Environment of Business
ISBN: 978-0538473996
11th Edition
Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards