They were granted exemptions from military service.
You can claim a tax exemption for each of your dependents.
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Individual businesses eligible for the new exemption would see anywhere from $60 to $4,100 in savings based on their gross receipts, according to city reports.—Shomik Mukherjee, Mercury News, 7 May 2026 Lawyers will get a slice for legal fees; the Internal Revenue Service may claw back as much as a third if Congress doesn’t resurrect a tax exemption for such settlements; and insurers who paid out claims will get 10% of the money.—Noah Haggerty, Los Angeles Times, 7 May 2026 The second encouraging measure, advanced by the state’s business community, would force the state to embrace comprehensive reform of the California Environmental Quality Act (CEQA), rather than just piecemeal exemptions.—The Editorial Board, Oc Register, 7 May 2026 All this league flirting and dealmaking with streaming services is under scrutiny by the Federal Communications Commission and the Department of Justice to determine if the league is violating its antitrust exemption.—Armando Salguero Outkick, FOXNews.com, 7 May 2026 See All Example Sentences for exemption
: an exemption that is allowed for each dependent who qualifies under the tax laws (as sections 151 and 152 of the Internal Revenue Code)
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