A taxpayer supports an elderly relative who satisfies the Sec.152 criteria for "qualifying relative." The taxpayer may claim a $500 tax credit.

Name: A taxpayer supports an elderly relative who satisfies the Sec.152 criteria for "qualifying relative." The taxpayer may claim a $500 tax credit.
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Under the IRS rules, a taxpayer can claim a $500 non-refundable credit for each qualifying relative, including elderly relatives, who meet the criteria outlined in Section 152.

A Taxpayer Supports an Elderly Relative Who Satisfies the Sec