Exemption Amount

Business, Legal & Accounting Glossary

Definition: Exemption Amount


Exemption Amount


Full Definition of Exemption Amount


An amount of income that is not subject to taxation. The most common example is the exemption amount taxpayers can claim on income tax returns for themselves, their spouses, and their dependents. This amount changes from year to year.


Cite Term


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Page URL
https://payrollheaven.com/define/exemption-amount/
Modern Language Association (MLA):
Exemption Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/exemption-amount/.
Chicago Manual of Style (CMS):
Exemption Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/exemption-amount/ (accessed: March 28, 2024).
American Psychological Association (APA):
Exemption Amount. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/exemption-amount/

Definition Sources


Definitions for Exemption Amount are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.