home/glossary/Exemption

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.)

polysemous

Classifications

Entity Type

Unknownauthoritativeglossary_import_default_pending_classifier
?unassignedlast reviewed

Sensitivity

unclassified

Information Class

unclassified

Variants

synonym
freedomgranting immunityimmunity
plural
Exemptions
possessive
Exemption's
pluralpossessive
Exemptions'