An Exemption is an amount of a taxpayer's income that is not subject to tax. All
- individuals
- trusts, and
- estates
qualify for an exemption unless they are claimed as a dependent on another individual's tax return.
See more terms:
An Exemption is an amount of a taxpayer's income that is not subject to tax. All
qualify for an exemption unless they are claimed as a dependent on another individual's tax return.
See more terms: