exemption

[ig-zemp-shuh n] /ɪgˈzɛmp ʃən/

noun

the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income.

the act of exempting.

the state of being exempted; immunity.

Origin

1400-50; late Middle English < Latin exemptiōn- (stem of exemptiō) removal. See exempt, -ion

Related forms

exemptive, adjective

nonexemption, noun

preexemption, noun

Synonyms

3. exception. 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.

Antonyms

3. liability.

Examples from the web for exemption

The universities had argued for the exemption because they receive a mix of private and public money.
If that were not enough, the universities' non-commercial research exemption is also in trouble.
That's where you put your money that is in excess of the exemption from estate and probate taxes and fees.
Furthermore, if you provide a detour around algebra, you provide an exemption from abstract thinking.
The bigger the tax exemption for each sale, the bigger the available downpayment for the nearly simultaneous subsequent purchase.
Even if the exemption is granted, it would be good only for three years.
Newspapers later regained their exemption while the tax was extended to the sale of all magazines.
exemption from law could end under planned legislation.
So he has taken advantage of an exemption for owner-operated bars with no employees, and made his employees part-owners.
The difficulties gays have in winning exemption from military service.

Word Origin and History for exemption

late 14c., from Old French exemption, exencion or directly from Latin exemptionem (nominative exemptio) "a taking out, removing," noun of action from past participle stem of eximere (see exempt (adj.)).