Definition of Exemption
Exemption
ex·emp·tion
Definition/Meaning
(noun)
immunity, the process of being freed from a liability or obligation that is imposed on other people, or the state of being thus freed;
e.g. He received a medical exemption as he has a broken leg.
(noun)
the process of excusing someone from having to pay taxes on a portion of their income, due to expenses on themselves or their dependents;
e.g. She was able to claim exemption for those expenses when filing her taxes.
(noun)
in American usage, an amount, item, or source of income on which a person does not have to pay taxes;
e.g. He has been claiming this as an exemption for years.
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