True or False: The child and dependent care tax credit applies only to taxpayers with dependents under the age of 13.

The assertion that the child and dependent care tax credit applies only to taxpayers with dependents under the age of 13 is not accurate. While one of the primary qualifications for the credit is that the care must be for children under the age of 13, the credit can also apply to other qualifying individuals, such as dependents who are physically or mentally incapable of self-care, regardless of their age.

This means that if a taxpayer incurs childcare expenses for a dependent who is over 13 but unable to care for themselves due to a disability, they may still be eligible for the credit. Therefore, the broader conditions of the tax credit make it applicable to certain situations beyond just those involving children under 13, justifying the choice that claims the statement is false.