personal exemption Definition

personal exemption

Definition

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

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personal exemption is ...
... part of the Taxes subject.

Related Terms

exemption -

Adjusted Gross Income - More

AGI - More

Alternative Minimum Tax, AMT

personal exemption appears in the definitions of these other terms on BusinessDictionary.com

personal allowance