Albert and louise, ages 66 and 64, respectively, filed a joint return for 2020. they provided all of the support for their blind 19-year-old son, who had no gross income. they also provided the total support of louise's father, who is a citizen and life-long resident of peru. what is the amount of the credit for other dependents that albert and louise can claim

Respuesta :

$500

The amount of the credit for other dependents that albert and louise can claim is $500.

Father is a qualifying dependent, so son also counts as one more dependent.

$500 can be claimed the amount.

A Joint Return: What Is It?

  • A joint return is a tax return submitted to the Internal Revenue Service (IRS) on the new, streamlined Form 1040 (as of 2018) by two married taxpayers who are filing jointly (MFJ), or by a widowed taxpayer who is filing under the Qualifying Widow or Widower status (QW).

The joint return test: what is it?

  • The IRS developed a criteria called the joint return test that you might use to see if you can claim someone else as a dependent on your taxes.
  • The joint return test essentially argues that you cannot be someone else's dependent if you may file as married filing jointly.

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