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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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His exemption's validity will be crucial during the tax audit.
The sports team secured an exemption for training facilities in the new zoning laws.
The single parent was eligible for a tax exemption based on the number of dependents.
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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