Exemption Definition & Meaning - Merriam-Webster
Web1. : the act of exempting or state of being exempt : immunity. 2. : one that exempts or is exempted. especially : a source or amount of income exempted from taxation. …
EXEMPTION | English meaning - Cambridge Dictionary
Webthe fact of not having to obey a rule or do something that other people have to do: [ U ] He was granted exemption from military service during World War II. An exemption is a …
What Does It Mean to Be Tax Exempt? - NerdWallet
WebMar 26, 2024 · A tax exemption is the right to exclude certain income or activities from taxation. Up until 2018, taxpayers were able to exclude up to $4,050 for each eligible...
Exemption - Definition, Meaning & Synonyms | Vocabulary.com
WebDefinitions of exemption. noun. an act exempting someone. synonyms: granting immunity, immunity. see more. noun. immunity from an obligation or duty. synonyms: freedom. see more. noun. a deduction allowed to a taxpayer because of his or her status (having certain dependents or being blind or being over 65 etc.)
EXEMPTION | definition in the Cambridge English Dictionary
Webthe fact of not having to obey a rule or do something that other people have to do: [ U ] He was granted exemption from military service during World War II. An exemption is a …
EXEMPTION Definition & Meaning | Dictionary.com
Webnoun. the circumstances of a taxpayer, such as their age or number of dependents, that allow them to make certain deductions from taxable income. the act of exempting. the state of being exempted; immunity.
exemption noun - Definition, pictures, pronunciation and ...
WebDefinition of exemption noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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