personal exemption
1personal exemption — see exemption Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2personal exemption — ˌpersonal exˈemption 7 [personal exemption] (NAmE) (BrE ˌpersonal alˈlowance) noun the amount of money you are allowed to earn each year before you have to pay ↑ …
3personal exemption — Amount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation. Bloomberg Financial Dictionary * * * personal exemption ˌpersonal exˈemption noun [countable] TAX ACCOUNTING the… …
4Personal Exemption — The dollar amount that each individual taxpayer is able to deduct for him or herself or a dependent each year. A separate personal exemption is accorded to every man, woman and child in the U.S. that must file a return. For example the amount of… …
5personal exemption deduction — see deduction Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
6personal exemption — personal ex emption n AmE the amount of money that you can earn each year before you must pay ↑income tax …
7personal exemption — personal ex emption noun count AMERICAN an amount of money that you can earn each year before you have to start paying tax on your income …
8personal exemption — See exemption; tax exemption …
9United States Federal Income Tax Personal Exemption — A deduction for a Personal Exemption amount for the individual taxpayer, the taxpayer s spouse, and the taxpayer s child or other dependent for purposes of calculating a U.S. taxpayer s federal income tax is provided in the Internal Revenue Code… …
10exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …