Exemption

Legal Definition and Related Resources of Exemption

Meaning of Exemption

Immunity; freedom from any charge, duty, burden, or liability. Generally used for exemption from process, which ; is a right given by law to a debtor to retain certain property free from execution, attachment, or other process. The property exempt from execution.

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Exemption in the Dictionary Exemption in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Exemption
Legal Maxims Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
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Related topics Exemption in the World Encyclopedia of Law

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This definition of Exemption is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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https://legaldictionary.lawin.org/exemption/ The URI of Exemption (more about URIs)

Synonyms of Exemption

noun

  • allowance
  • discharge
  • disengagement
  • exception
  • freedom
  • freedom from duty
  • freedom from liability
  • freedom from obligation
  • freedom from requirements
  • freedom from service
  • immunitas
  • immunity
  • liberation
  • liberty
  • license
  • permit
  • privilege
  • release
  • release from liability
  • release from obligation
  • special privilege
  • vacatio
  • vacuitas
  • Associated Concepts: exemption from jury service
  • exemption from sale
  • exemption statute
  • homestead exemption
  • personal exemption
  • tax exemption

Exemption Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Exemption in a way that is easy for anybody to understand: Amount of a taxpayer’s income that is not subject to tax. All individuals, TRUSTS, and estates qualify for an exemption unless they are claimed as a dependent on another individual’s tax return. Exemptions also are granted to taxpayers for their dependents.

United States Tax Concept of Exemption

A deduction from taxable income for you, your spouse, and your qualifying dependents. Special rules apply if someone else can claim you or your spouse as a dependent.


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