The given statement is True.
Determining and accurately determining the number of dependents is an essential part of completing a taxpayer's tax return. The deduction of personal and dependent exemptions is suspended for tax years 2018 to 2025 under the tax relief and employment law.
While the amount of the relief is nil, the ability to claim dependents can make taxpayers eligible for other tax benefits. For example, all of the following tax benefits can be linked to dependents: Child Tax Credit, Child Additional Tax Credit, Other Dependent Credit, Earned Income Credit, Child and Dependent Care Credit, Head of Household Status, and other tax benefits. Dependents are eligible children or eligible parents of the taxpayer. A taxpayer's spouse cannot be claimed as a dependent. Some examples of dependents include a child, son-in-law, brother, sister, brother, or parent.
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