exemption

[ig-zemp-shuhn]

noun

1. the circumstances of a taxpayer, such as their age or number of dependents, that allow them to make certain deductions from taxable income.

2. the act of exempting.

3. the state of being exempted; immunity.

   Synonyms: exception
   Antonyms: liability

Other Word Forms

• exemptive adjective
• nonexemption noun
• preexemption noun

Word History and Origins

Origin of exemption¹

First recorded in 1350–1400; late Middle English, from Middle French, from Latin exemptiōn- (stem of exemptiō ) “removal.” See exempt, -ion

Synonym Study

Exemption, immunity, impunity imply special privilege or freedom from imposed requirements. Exemption implies release or privileged freedom from some duty, tax, etc.: exemption from military service. Immunity implies freedom from a penalty or from some liability, especially one that is disagreeable or threatening: immunity from disease. Impunity (limited mainly to the fixed expression with impunity ) primarily suggests freedom from punishment: The police force was so inadequate that crimes could be committed with impunity.

Example Sentences

Carney has noted, however, that due to the duties exemption under the current free trade deal, Canada is facing lower tariffs than other countries.

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Last week, NIS filed a new request with the US for a temporary exemption from the sanctions while negotiations were underway -- but there has been no movement from Washington yet.

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However, the high sugar content of some milk-based drinks means the government is reconsidering that exemption.

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But starting next year, the bill lowers the income level at which the exemption begins to phase out to $1 million for couples and $500,000 for singles.

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In an update to reporters on the talks, US Trade Representative Jamieson Greer said the US wanted to see Europe follow through on promises to lower tariffs on American goods before it would grant exemptions.

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Related Words

• discharge 
• dispensation 
• exception 
• immunity 
• privilege