Lisa would like to claim her granddaughter, Denisha, as her qualifying child so she can...
70.2K
Verified Solution
Question
Accounting
Lisa would like to claim her granddaughter, Denisha, as her qualifying child so she can claim the Earned Income Tax Credit (EITC). However, Denisha's mother, Taya, is also eligible to claim Denisha as her qualifying child for EITC purposes. As Lisa's tax preparer, what information would you share with Lisa?
A. As long as Lisa files before Taya, she may claim EITC based on Denisha, her qualifying child.
B. Taya holds a higher right and may claim EITC based on Denisha, because Taya is Denisha's parent.
C. Lisa may claim EITC based on Denisha if her adjusted gross income was higher than Taya's.
D. Lisa and Taya may agree to each claim one half of the EITC based on Denisha, their qualifying child.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.