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Identify one major exclusion and one tax credit

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Reference no: EM131724102

Federal Taxation

Identify one major exclusion and one tax credit. Find the relevant Internal Revenue Code Section that provides for the exclusion or credit using IRS.GOV, copy the first paragraph, including the Code Section, and paste it into your post. Please answer this question for each: Did Congress enact this exclusion or credit for a social or economic purpose? Or both?

Please include citations/reference. Thank you.

Reference no: EM131724102

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