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4 Usage Examples Depicting the Meaning of 'Exemption' in a Sentence

"The conditions or factors, such as age or number of dependents, that enable a taxpayer to qualify for specific deductions from taxable income." more

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Families with children often benefit from tax exemptions.
The organization applied for various exemptions to support its charitable activities.
The company claimed several exemptions to reduce its taxable income.
He qualified for exemptions based on his status as a senior citizen.

Exemption

ig-zemp-shuhn
nounThe conditions or factors, such as age or number of dependents, that enable a taxpayer to qualify for specific deductions from taxable income.

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Last Updated On: August 2, 2024
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