How does a tax exclusion differ from a tax deduction?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 05:19 AM

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How does a tax exclusion differ from a tax deduction?

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A tax exclusion and a tax deduction are both mechanisms used in the tax code to reduce a taxpayers o...View the full answer

CCH Federal Taxation Basic Principles 2020

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