An Individual May Claim Both a Credit and an Exclusion

question 10

True/False

An individual may claim both a credit and an exclusion from income in connection with the adoption of an eligible child, but may not claim both a credit and an exclusion for the same expense.

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Definitions:

Focused On Others

The act or practice of putting the needs, concerns, or interests of others before one's own.

Maintain Relationships

The efforts taken to keep personal or professional connections strong, healthy, and mutually beneficial.

Apply Rules

The process or practice of putting established guidelines or regulations into action.

Fairly

In a manner that is just, equitable, and in accordance with the rules or standards.