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exemption
has definitions from the fields of law,business
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[ noun ] immunity from an obligation or duty
Synonyms Used in print (Your Federal Income Tax. 1962 Edition (Revised to...)A minor child is allowed a personal exemption of $ 600 on his own return regardless of how much money he may earn . If your child is under 19 or is a student you may also claim an exemption for him if he qualifies as your dependent , even though he earns $ 600 or more . Since he had gross income of $ 600 or more , he must file a return in which he may claim an exemption deduction of $ 600 . Since you contributed more_than half of his support , you may also claim an exemption for him on your return . |
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[ noun ] (business) a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Examples "additional exemptions are allowed for each dependent" Related terms |
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[ noun ] (law) an act exempting someone
Synonyms Examples "he was granted immunity from prosecution" Related terms release sovereign_immunity official_immunity testimonial_immunity fix |
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