When do Timothy and Judy's child not provide support?

Study for the VITA Tax Basics Exam. Get prepared with flashcards, multiple choice questions, hints, and explanations. Be ready for your test!

Timothy and Judy's child does not provide support when they do not earn money. In the context of tax dependency, a child is considered to provide support if their income exceeds a certain threshold. If the child does not have any earnings, they are not contributing to their own support, which means that Timothy and Judy could be eligible to claim them as dependents. This is crucial for determining dependency status for tax purposes, as it influences deductions and credits available to the parents.

In summary, the absence of earned income indicates that the child is reliant on their parents for financial support, qualifying them for indirect dependency status. This understanding is essential for families navigating tax situations and ensuring accurate claims for dependents.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy