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.
There is no age limit on claiming your child as a dependent if the child meets the qualifying relative test. As long as all of the following tests are met, you may claim a dependency exemption for your child:1  Qualifying child or qualifying relative test, 2  Dependent taxpayer test, 3  Citizen or resident test, and.o meet the qualifying child test, your child must be younger than you and, as of the end of the calendar year, either be younger than 19 years old or be a student and younger than 24 years old.