IDEAS home Printed from https://ideas.repec.org/p/crr/issbrf/ib2023-22.html
   My bibliography  Save this paper

Could Social Security Child Benefits Help Grandparent Caregivers?

Author

Listed:
  • Siyan Liu
  • Laura D. Quinby

Abstract

The brief’s key findings are:Grandparents raising grandchildren are often under financial stress but – without legal custody – tend to get little formal support. Importantly, Social Security child benefits are only available to those who are legal dependents of Social Security beneficiaries. In contrast, the IRS does not require legal custody to claim a child as a dependent for tax purposes.The analysis estimates the impact of aligning Social Security’s rules with the IRS criteria on grandparent caregivers. The results show that this change would substantially boost the incomes of half of all grandparent caregiver households.

Suggested Citation

  • Siyan Liu & Laura D. Quinby, 2023. "Could Social Security Child Benefits Help Grandparent Caregivers?," Issues in Brief ib2023-22, Center for Retirement Research.
    • Handle: RePEc:crr:issbrf:ib2023-22
    as

    Download full text from publisher

    File URL: https://crr.bc.edu/could-social-security-child-benefits-help-grandparent-caregivers/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:crr:issbrf:ib2023-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Grzybowski or Christopher F Baum (email available below). General contact details of provider: https://edirc.repec.org/data/crrbcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.