Which statement is true regarding the criteria for the qualifying child?

The correct answer highlights that the child must meet specific residency requirements to be considered a qualifying child for tax purposes. This criterion is crucial because it ensures that the child has a significant connection to the taxpayer's household.

To qualify as a qualifying child, the child generally must live with the taxpayer for more than half the year. This residency requirement is intended to confirm that the child is primarily dependent on the taxpayer for support and that there is a close family relationship.

In addition to residency, the criteria also involve age restrictions and dependency status, but the focus here is on the residency requirement, which must be satisfied for the child to qualify in the eyes of the IRS. This requirement helps distinguish between children who are part of the same household and those who are not, impacting tax benefits such as the Child Tax Credit and claiming dependents.