Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “personal exemption”

personal exemption

noun [C]     US ( UK personal allowance)
TAX the amount of income you can earn each year before paying tax : The personal exemption for all taxpayers has been increased by $200 to $2,600.
(Definition of personal exemption noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of personal exemption

More Business English definitions for “personal exemption”

Word of the Day

gastronomy

the art and knowledge involved in preparing and eating good food

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More