Definition of Exemption
Exemption
ex·emp·tion
Definition/Meaning
(noun)
Freedom or release from a duty, liability, or obligation.
e.g. The student received an exemption from the final exam due to illness.
(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.
Translate this Word
Select a language from the dropdown and click "Translate Now" to see this word in your preferred language.
Similar Words
Opposite Words
Related Words
Comments
