Which benefit can Bob claim if he is the one to claim Katie?

Bob can claim the benefits associated with the Child Tax Credit, the Earned Income Credit, and the Head of Household filing status if he is the one to claim Katie as a dependent.

To delve into each benefit:

• The Child Tax Credit provides financial support to taxpayers for each qualifying child they claim, which can help reduce their overall tax liability. If Katie qualifies as Bob's dependent, he may be eligible for this credit based on the age and relationship criteria established by the IRS.

• The Earned Income Credit is designed to assist taxpayers who work but have a low to moderate income. If Bob meets the income requirements and claims Katie as his qualifying child, he stands to benefit from this tax credit, which can significantly reduce his tax liability or even result in a refund.

• Head of Household status can be advantageous for taxpayers as it often entails a higher standard deduction and more favorable tax brackets than filing as a single taxpayer. If Bob has been paying more than half of the household expenses for himself and Katie, he can file as Head of Household.

Since all three benefits are interconnected to the status of Bob claiming Katie as a dependent, he would indeed be eligible to claim all of them. Therefore, selecting the answer that includes all benefits is appropriate, as