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Business & farm
@mtominez Yes a person could qualify as a dependent even with self employment income if they are under 24 and a full time student no matter how much income they had. If they are over 23 or over 18 and not a full time student they can still be a dependent as long as their total income was less than $5,050 for 2024.
Rules to claim a dependent
https://turbotax.intuit.com/tax-tips/family/rules-for-claiming-a-dependent-on-your-tax-return/L8LODb...
See IRS Publication 501 starting on page 10 bottom Dependents
https://www.irs.gov/pub/irs-pdf/p501.pdf
a week ago