Under the Tax Cuts and Jobs Act (TCJA), the Child Tax Credit also includes a non-refundable...

Under the Tax Cuts and Jobs Act (TCJA), the Child Tax Credit also includes a non-refundable credit for qualifying dependents other than qualifying children. Which of the following is true regarding this Credit for Other Dependents (ODC)?

A. The credit is $500 and can be claimed for elderly or disabled dependents or children over 17

B. The credit can be claimed for eligible dependents only in 2018

C. The credit can only be claimed only if the taxpayer includes a Social Security number for each qualifying person for whom the credit is claimed on the tax return

D. The credit is not subject to income eligibility thresholds and will not phase out for higher income taxpayers

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Expert Solution

ekkarill92 answered 11 months ago

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