Even though taxpayers can no longer deduct dependency exemptions, it is still important to determine who qualifies as a taxpayer's dependent.

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Even though the Tax Cuts and Jobs Act (TCJA) eliminated the dependency exemption starting from tax year 2018, it is still important to identify who qualifies as a taxpayer's dependent, as there are other tax benefits and credits that an individual can claim for their dependents, such as the child tax credit or the earned income credit.

Even Though Taxpayers Can No Longer Deduct Dependency Exemptions, It