Final answer:
A person with the loss of two limbs may qualify for both the Loss of Limbs Credit and an extra standard deduction, as tax codes provide relief for individuals with disabilities. However, eligibility can vary, and consulting a tax professional is advised.
Step-by-step explanation:
The statement is True. A person who has lost the use of two limbs could potentially qualify for both the Loss of Limbs Credit and the extra standard deduction amount on their tax returns.
This is because the tax code often provides specific credits, deductions, or adjustments to income for individuals with disabilities to help offset the costs associated with disability-related expenses.
The Loss of Limbs Credit provides a tax credit for individuals who have lost the use of their limbs, while the extra standard deduction accommodates individuals who are legally blind or have another qualifying disability.
However, tax laws and eligibility for specific credits or deductions can vary based on jurisdiction and are subject to change. Therefore, it is always recommended to consult with a tax professional or reference the latest tax guidance from the relevant tax authority to determine the precise qualifications for these tax benefits.