Intuit Academy Tax Practice Exam

What defines a "qualifying child" for tax purposes?

1. Age under 22 and a full-time student

2. Live with taxpayer for more than half the year

3. Relationship to taxpayer

4. All of the above

The correct answer is: All of the above

A qualifying child for tax purposes is defined by a set of criteria that includes several key factors. Each of these factors contributes to the overall definition, and when combined, they create a comprehensive understanding of what constitutes a qualifying child. Firstly, age plays a significant role. A child must be under the age of 19 at the end of the year, or under 24 if they are a full-time student for at least five months of the year. This age requirement ensures that dependents are typically still in their formative years of education or just starting their careers, aligning with the intent of providing tax benefits to families with dependents. Secondly, there is the residency requirement, which states that the child must live with the taxpayer for more than half of the year. This condition reflects a significant connection between the child and the taxpayer, demonstrating that the taxpayer is providing a primary home for the child. Finally, the relationship to the taxpayer is another critical element. The qualifying child must be a biological child, stepchild, adopted child, or a descendant of any of these individuals, reinforcing the familial connection required for dependency. Considering these components together illustrates that a child must meet all three criteria—age, residency, and relationship—to be classified as a qualifying child