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Deductions & credits
NO parents are not required to claim a dependent. However, the rule is if you CAN be claimed as a dependent you are supposed to say on your own return that you can be claimed--regardless of whether the person who can claim you will do so. If you can be claimed as a dependent you are not eligible for education credits, stimulus checks, etc. A dependent cannot claim a dependent of his/her own. Dependents may have a lower standard deduction:
The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount).
If you can be claimed as a dependent and you received "unearned" income such as investment income or unemployment income, you may be subject to the "kiddie tax."
https://ttlc.intuit.com/questions/1900671-what-is-the-kiddie-tax