Exemption Definition

ĭg-zĕmpshən
exemptions
noun
exemptions
An exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity.
Webster's New World
The act or an instance of exempting.
American Heritage
The exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent.
Webster's New World

The state of being exempt; immunity.

Wiktionary
The sum specified.
Webster's New World

Other Word Forms of Exemption

Noun

Singular:
exemption
Plural:
exemptions

Origin of Exemption

  • From Old French exemption, from Latin exemptio, from eximere

    From Wiktionary

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exemption