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
Examples of exemption in a sentence
They were granted exemptions from military service.
You can claim a tax exemption for each of your dependents.
First Known Use of exemption
EXEMPTION Defined for Kids
Definition of exemption for Students
: freedom from having to do something that other people are required to do
Legal Definition of exemption
1 : the act of exempting or state of being exempt
2 : one that exempts or is exempted: as a : an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws — see also Internal Revenue Code — compare deduction, exclusion, tax credit dependency exemption \də-ˈpen-dən-sē-\ : an exemption that is allowed for each dependent who qualifies under the tax laws (as sections 151 and 152 of the Internal Revenue Code) Editor's note: Under the federal income tax laws, the dependency exemption is allowed for each dependent whose gross income is less than the exemption or who is a child of the taxpayer and is under 19 or a student under 24. personal exemption : an exemption that is allowed for the taxpayer or for the taxpayer and spouse if filing a joint return b : the right created by federal and state laws to exempt specified types of property from a bankruptcy estate <precludes the debtor from using the exemptions in the Bankruptcy Code>; also : a type of property that may be claimed as exempt — see also Bankruptcy Code c : homestead exemption
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