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16 September, 19:08

Which of the following statements is NOT true concerning the Other Dependent Credit

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Answers (2)
  1. 16 September, 19:18
    0
    B

    Explanation:

    Residents of Canada meet the definition as a qualifying person.
  2. 16 September, 19:36
    0
    The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

    Explanation:

    Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.
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