Exemption

Enforced Actions Exchange Excludable Amount of Pension Expenses of Sale Extension Employee Economic hardship Exempt list Excluded Gain Energy Tax Credit--Business Property Estimated Tax Gap Energy Tax Credit--Residential Property Earned Income Credit Education Expense Estimated Tax Employer-Funded Retirement Plan Earned Income Eminent Domain Employee Stock Option Employment Expenses Entertainment Expenses Expenses Expensing Estate Excess Social Security Tax Withheld Exemption Exclusion Percentage Exclusion Expected Return

Definition of Exemption:

Exceptions made for certain people which allow them to deduct taxes they would otherwise be liable for. The IRS uses exemptions to either lighten the tax burden on certain individuals or to incentivize investment to stimulate the economy.