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Definitions

exemption

[ig-zemp-shuhn] / ɪgˈzɛmp ʃən /


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Ohio also tightened requirements for some tax credits and exemptions for 2026, such as limiting dependent exemptions for taxpayers earning more than $500,000 per year.

From The Wall Street Journal

Tariff exemptions and a slew of trade deals have limited the inflationary effects of the highest import taxes in decades.

From The Wall Street Journal

There is no universal capital-gains exemption for stock sales; rather, 0% tax rate applies to long-term capital gains for taxpayers whose total income falls below specific thresholds, which are adjusted annually for inflation.

From MarketWatch

According to the National Conference of State Legislatures, 37 states have modified tax codes and regulatory structures specifically to attract data centers, with billions in exemptions granted annually.

From Salon

But if your business hits a home run and has explosive growth, dollar limits on exemptions may be irrelevant and you would want to exempt 10 times your cost basis, Brady says.

From Barron's