Exempt (Adjective)
Meaning 1
(of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation".
Classification
All adjective clusters.
Examples
- Charitable donations to certain organizations are exempt from taxation, allowing donors to give more freely.
- Some foreign-earned income is exempt from US taxation for a limited time period, providing a tax benefit for expatriates.
- Certain investments in low-income housing projects are exempt from taxation, encouraging investment in these areas.
- In many countries, inheritances from a spouse are exempt from taxation, allowing families to keep their wealth intact.
- Pension funds and retirement accounts are typically exempt from taxation until withdrawal, providing a tax advantage for long-term savers.
Synonyms
Meaning 2
(of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject; "a beauty somehow exempt from the aging process"; "exempt from jury duty"; "only the very poorest citizens should be exempt from income taxes".
Classification
All adjective clusters.
Examples
- The charity was exempt from paying taxes due to its non-profit status.
- As a diplomat, she was exempt from the country's traffic laws.
- The disabled veteran was exempt from paying property taxes on his home.
- Students who receive full scholarships are exempt from paying tuition fees.
- People over 65 are exempt from paying the national park entrance fee.