exemption

American  

[ig-zemp-shuhn] / ɪgˈzɛmp ʃən /

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

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Related Words

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.

Other Word Forms

• exemptive adjective
• nonexemption noun
• preexemption noun

Etymology

Origin of exemption

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

Example Sentences

If they are eligible for conscription, and do not have an exemption from service, they can be driven off to the barracks on the spot.

From BBC

In exchange the companies have received tariff exemptions.

From The Wall Street Journal

After he and his wife died, a local tax assessor retroactively revoked the exemption and denied the tax credit to their son who lived in the home.

From The Wall Street Journal

Railroad executives lobbied for exclusive charters, tax exemptions, and land grants, and formed “pools” to divide traffic and fix rates.

From Barron's

They cannot quickly change supply lines or obtain tariff exemptions.

From MarketWatch

Related Words

• discharge
• dispensation
• exception
• immunity
• privilege