0 a situation in which a person or organization does not have to pay tax: --
1 an amount of money that can be taken off someone's income and savings, or a company's profits before the tax owed is calculated: --
As you fill out your federal income tax return, even before you report your income, the IRS asks you to list your personal exemptions.
If you file a joint return, you can claim an exemption for your spouse.
a tax exemption on/for sth/sb He denied that he had claimed a tax exemption on his official limousine.
claim sb/sth as a tax exemption Taxpayers must provide Social Security numbers for each dependent claimed as a tax exemption.