Retirement tax questions

@m_buchanan 

The $4300 figure (it’s probably $4400 for 2022 but we haven’t seen the forms yet) refers to taxable income.  If the elderly parent has more than $4300 of taxable income, then no one else can claim them as a dependent. Social Security is not taxable income if it is their only income.  Social Security may be taxable depending on the amount of a person’s other income.

 

However, even if Social Security does not count as taxable income for the income test, it still counts as support the person provides themself for the support test.