Exemption
nounverified·updated May 18, 2026
a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Framework senses
- §1
- an act exempting someone
- §2
- a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
- §3
- immunity from an obligation or duty