Meaning exemption amount
What does exemption amount mean? Here you find 3 meanings of the word exemption amount. You can also add a definition of exemption amount yourself

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exemption amount


Definition 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 [..]
Source: investorwords.com

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exemption amount


An 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 [..]
Source: definitions.uslegal.com

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exemption amount


The amount of assets that can be transferred free of tax, either during one's lifetime or at death. expense ratio.
Source: schwabmoneywise.com




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