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What two societal factors greatly encouraged the development of the social sciences in the early twentieth century? Explain their particular contributions.
Itemized Deduction
Deductions that taxpayers can claim for certain personal expenses, instead of taking a standard deduction. These can include expenses for healthcare, taxes, interest, and gifts to charity.
Foreign Tax Credit
A nonrefundable tax credit for income taxes paid to a foreign government, aimed at reducing double taxation.
Qualified Adoption Expenses
include necessary costs directly related to and for the principal purpose of the legal adoption of a child, which under certain circumstances, can be tax deductible.
Adoption Credit
A tax credit that offsets qualified adoption expenses, making adoption financially feasible for more families.
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