Dependent status refers to a classification used primarily in tax and financial contexts to identify individuals who rely on another person for financial support. This status often applies to children or other relatives who live with and are supported by a primary caregiver, such as a parent or guardian. In the context of taxes, claiming someone as a dependent can provide various benefits, including deductions and credits. To qualify, the dependent must meet specific criteria set by the IRS in the United States, which includes age, residency, and relationship requirements.