Betekenis van tax exemption In het Nederlands

• 0 a situation in which a person or organization does not have to pay tax:

  • There are tax advantages, such as tax exemption for up to three years on profits from exports.

  • a tax exemption on/for sth The city's tax exemption on exports dates back to the 1960s.

  • I am against a tax exemption for private schools.

• 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:

  • claim sb/sth as a tax exemption Taxpayers must provide Social Security numbers for each dependent claimed as a tax exemption.

  • a tax exemption on/for sth/sb He denied that he had claimed a tax exemption on his official limousine.

  • If you file a joint return, you can claim an exemption for your spouse.

  • As you fill out your federal income tax return, even before you report your income, the IRS asks you to list your personal exemptions.