Francetic Tax Resolution LLC - February 2021

DEPENDENCY TESTS FOR 2020 FTR TAX TIP OF THE MONTH

STRAWBERRY KISSED ALMOND BUTTER MUFFINS

We all know 2020 was a year like none other, having to deal with the pandemic for the last nine months of the year. The pandemic caused many businesses to close permanently or for a period of time, specifically businesses in the service sector like restaurants and taverns. Of course, many employees of these businesses were affected by earning less wages than they would have in prior years. Regarding your tax return, you can claim any child in your care who is under the age of 19 as your dependent, However, there are two exceptions to the age cap.

1. Your dependent is under the age of 24 and was a full-time student for at least five months in 2020.

Inspired by AmbitiousKitchen.com

INGREDIENTS

2. Your dependent is a parent or relative who made under $4,300 in 2020.

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1 cup ripe bananas, mashed 3/4 cup natural creamy almond butter (can substitute creamy peanut butter)

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1 tsp vanilla extract

1 cup oat flour

1 tsp baking powder

If a person qualifies as a dependent based on being a full-time student, then it does not matter if their gross income was over $4,300. I have had many students claimed by parents in past years who had $10,000 or more in income, but the parents benefited from receiving 100% of the education tax credits. The student would have received little, if any, benefit of these same education credits. I think the $4,300 gross income limitation is going to come into play for many taxpayers this filing season, even allowing for grandparents to possibly claim their older grandchildren who may have been adversely affected by the pandemic and received money for rent and food from their extended family. If you have any relatives or friends who may benefit from claiming a dependent for 2020 that in other years would not be possible, please have them reach out to me so they do not miss out on a possible tax credit.

1/4 tsp salt

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2 large eggs

1/4 cup strawberry fruit spread, divided (we recommend Bonne Maman INTENSE)

1/4 cup pure maple syrup (or honey)

DIRECTIONS

1. Preheat oven to 350 F. 2. Line a 12-cup muffin tin with liners and spray with nonstick cooking spray. 3. In a large bowl, mix bananas, almond butter, eggs, maple syrup, and vanilla extract. 4. Stir in oat flour, baking powder, and salt until smooth. 5. Evenly divide batter into liners. Add 1 tsp strawberry fruit spread to the top of each muffin.

6. Use a butter knife to gently swirl the spread into the batter. 7. Bake for 22–27 minutes until a toothpick comes out clean. 8. Transfer muffins to wire rack to cool and enjoy!

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