Our 67-year-old now starts to pay, starts to receive from Social Security, and the amount that the person could expect to receive from Social Security drops down. It drops down because of the probability of the person being alive. Social Security, unlike private retirement funds, is subject to a 100 percent estate tax.
You can't claim a dependent at all if you qualify as someone else's dependent. For example, if you're younger than 24, go to school full-time, and if you lived with your parents half the tax year and contributed less than half of your own support, you can't claim your child under any circumstances.
A dependent doesn't always have to be your child. Dependents come in all shapes, sizes and relationships. If all of the statements below are true, you can claim them as a dependent. Relationship: The person lives in your home for the entire year and is considered to be a member of your household. If they don't live with you, they need to be related to you.