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exemption amountDefinition 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 depen [..]
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exemption amountAn exemption amount refers to those amounts that a taxpayer can claim for themselves, their spouses, and eligible dependents as a deduction from his/her taxable income. Two types of exemptions availab [..]
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exemption amountThe amount of assets that can be transferred free of tax, either during one's lifetime or at death. expense ratio.
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