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.
Answers. Best Answer: As long as the child didn't provide over half of his OWN support for the year, you can claim him if he meets the other rules. There isn't a max amount they can earn. And yes they can file their own tax returns if you claim them, although they should check the box that says that someone else can claim them, and not take an exemption for themselves. Source(s):