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Could Social Security Child Benefits Help Grandparent Caregivers?

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  • 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
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    File URL: https://crr.bc.edu/could-social-security-child-benefits-help-grandparent-caregivers/
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