exemption
//ɪɡˈzɛmpʃən//
Noun
exemptionSingular
exemptionsPlural
1
The state of being free from an obligation, duty, or liability that applies to others
Students with disabilities may qualify for an exemption from physical education requirements.
2
An official permission to be excused from a rule, requirement, or payment, especially taxes
He applied for a tax exemption for his charitable donations.
3
A deduction allowed by law to reduce the amount of income that would otherwise be taxed
You can claim a tax exemption for each dependent child.