Jeremy earned $60,000 in salary and $9,000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of household and has $10,500 in itemized deductions. Neither of his dependents qualifies for the child tax credit.
Ron (age 20) provides over half of his own support. He is full-time college student, earned $12,000 this year, and lives with his mother, Tonya. b. Vinne (age 17) does not provide half of his own support. He is in high school, earned $5,000 this year, and lives with his mother, Tonya.