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.
Several requirements tangle up the issue of who can claim a child as a dependent. Some grandparents can claim their grandchildren some of the time, but it's not a universal rule, because multiple factors have to perfectly align to make it possible.In some cases, if the child's parents don't claim the child, the dependent exemption will go to waste â no one else can use it either.o one can claim a child as a dependent unless the child meets certain requirements â he must be a qualifying child. The first rule relates to your child's age. He must be younger than 19, unless he's a full-time college student.