(n) a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.), Example:additional exemptions are allowed for each dependent
n. [ L. exemptio a removing: cf. F. exemptionexemption. ] The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc., to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc. [ 1913 Webster ]