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Glite Dictionary
🆓 Official permission 💸 Tax deduction
exemption

exemption

27 5.1
A fixed tax deduction that reduces the tax someone must pay for themselves or for people they support
  • noun
  • /ɪɡˈzɛmʃən/
  • Formal
translation icon : exención
  • The taxpayer received a $13,000 exemption for themselves and $5,000 for each of their dependents.
  • tax exemption
  • exemptions and deductions
  • exemption amount

Now, what were at this point, when did the tax exemption happen?

Examples

  • Take his college tuition tax exemption initiative.

    First Daughter (2004)

  • Plus, you have a tax exemption when you're working abroad, you know, And so most of the time the federal taxes were exempt.

  • How about some tax exemption there?

    Giant (1956)

  • Why would you give them a full tax exemption?

    The Grand Seduction (2014)

  • Now that the Prime Minister has found the magic money tree, will she extend the VAT exemption to police?

  • The city would not be able to grant property tax exemptions to annexed property owners.

    Blog text (12)

  • The Agricultural Council subsidized the production, and through an exemption from taxation, the film received indirect support from the state.

    Academic text (1999)

  • Foreign investors in those areas will enjoy not only tax exemptions but also rent reductions on factories and offices.

    Academic text (2000)

  • After the $11,600 standard deduction and four $3,700 exemptions, they have no taxable income.

    Blog text (5)

  • Each eligible family can claim a child care exemption that reduces their taxable income by $5,000.

Synonyms

deduction
vsexemption
115 3.0

An amount taken away from a total, for example from pay

is specifically a fixed tax allowance based on family or personal status
tax break
vsexemption
  • Specialized
98 3.0

A smaller tax people or companies must pay to encourage certain activities

is granted because of personal status or dependents not for policy incentives
tax deduction
vsexemption
  • Specialized
22 3.4

An expense or amount you can subtract from your income to lower your tax

is a fixed allowance tied to status or dependents rather than an expense

How Much

relief
  • Specialized
51 7.7
rebate
42 3.5
exemption
  • Formal
27 5.1
deduction
115 3.0
allowance
  • Specialized
20 3.3

Surface Forms

exemption singular
exemptions plural

Morphology

exemption = exempt (transparent) = exempt + ion

The tax-related meaning is a specific instance of the general noun 'exemption' derived from 'exempt' plus '-ion', so the morphological relation is clear.

Etymology

The tax sense of exemption also comes from ex- 'out' and emere 'to take'. So a tax exemption is an amount 'taken out' of your income before tax, which lowers the money you must pay tax on.