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exemption

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noun ex·emp·tion \ig-ˈzem(p)-shən\

Simple Definition of exemption

  • : freedom from being required to do something that others are required to do

  • : a source or amount of income that is not taxed

Full Definition of exemption

  1. 1 :  the act of exempting or state of being exempt :  immunity

  2. 2 :  one that exempts or is exempted; especially :  a source or amount of income exempted from taxation

Examples of exemption

  1. They were granted exemptions from military service.

  2. You can claim a tax exemption for each of your dependents.



14th Century

First Known Use of exemption

14th century


EXEMPTION Defined for Kids

exemption

play
noun ex·emp·tion \ig-ˈzemp-shən\

Definition of exemption

  1. :  freedom from having to do something that other people are required to do





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