Your question is confusing----are you the parents or are you the dependent, qualified child or qualified relative?
The rule is that if you CAN be claimed as a dependent on someone else's tax return, on your own return you are required to say that someone else can claim you as a dependent. Not sure what "hit" you think that will cause for you---unless you claimed a stimulus amount that you were not entitled to receive for 2021. Your parents do not "have" to claim you---but your own return must say you can be claimed if they could.
If you are the parents and you can claim your child for 2021, you get a $500 credit for other dependents if the child was too old for the child tax credit in 2021. For 2021, you could get the child tax credit for a child younger than 18. A child 18 or older got you the $500 credit for other dependents, and --- if you claimed the recovery rebate credit, $1400 for each spouse and $1400 for each dependent claimed on the return.
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