Question

In: Finance

Theo (32) is permanently and totally disabled and lives with his sister, Daisy (37). Daisy provides...

Theo (32) is permanently and totally disabled and lives with his sister, Daisy (37). Daisy provides 100% of the support for the household. Neither is married. Which of the following tax benefits is NOT available to Daisy? *

A. Credit for Other Dependents.

B. Earned Income Tax Credit.

C. Child Tax Credit.

D. Head of Household filing status.

Solutions

Expert Solution

Answer : Correct option is (C.) Child Tax credit.

Reason :

A child Tax credit is available to a dependent child who is under the age of 17 at the end of tax year. Since in the given case Theo who is permanently disabled is of Age 32 therefore Daisy will not be eligible for Child Tax credit.


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