I answered Earned income credit for which I didn't think she would qualify -- but the child care credit I didn't not think was correct since there are no child care expense in her monthly budget
See below I was marked wrong for this answer but there were no child care expenses in the client's budget
Based on the client information provided, for which tax credit might she qualify?
Child and Dependent Care Tax Credit
Earned Income Tax Credit
Educational tax credit
Energy tax credit
The child and dependent care tax credit is for those who are working or actively looking for work while paying a service to take care of a dependent (child or adult). The client likely would not qualify for the earned income credit because her family is not low income, and she would not qualify for the educational tax credit because she is not currently in post-secondary education. She would not qualify for energy credits because she is not currently a homeowner.
Reference: Module 1.3 Managing Assets
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