personal exemption


An amount excluded from taxable income, given to any taxpayer who cannot be claimed as a dependent by another taxpayer.

Use personal exemption in a sentence

The personal exemption was a proud moment for the young man who was on his own working his first job.

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You may want o have a personal exemption if you think that will make things more profitable for you or others.

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I hated taxes and the one thing I was thankful for was personal exemption, because it allowed me to be excluded.

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exemption AGI