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

The best confirmatory follow-up turned out to be a second Galleri test—which is already Grail’s standard approach in its existing sales of Galleri under the FDA exemption for lab-developed blood tests.

Read more on Barron's

It all depends on the size of your children’s inheritance and on its appreciation — as well as on what happens with the estate-tax exemption next year.

Read more on MarketWatch

However, the plans were shelved weeks before the launch date following a dispute with the UK government, which would have been required to grant the scheme an exemption from the Internal Market Act.

Read more on BBC

The measures could include temporary exemptions for new AI software from regulation, Kyle told the Today programme.

Read more on BBC

But between a $500,000 exemption on gains they’re eligible for as a couple, and receipts for multiple major renovation projects, the final tally might not be as much as they fear.

Read more on The Wall Street Journal

Related Words

• discharge 
• dispensation 
• exception 
• immunity 
• privilege