A bill to amend the Internal Revenue Code of 1954 to provide that child insurance benefits under the Social Security Act and certain veterans' benefits will not be taken into account in determining whether an individual is a dependent of another person.

Amends the Internal Revenue Code to provide that child insurance benefits under the Social Security Act and Veterans Administration benefits for children of deceased veterans shall not be taken into account in determining whether the beneficiary qualifies as another's dependent for income tax purposes.