exemption vs tax deduction
tax deduction vs exemptionexemption and tax deduction both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| exemption | Yes | No | No | No |
| tax deduction | Yes | No | No | No |
As nouns,
tax deduction is a hypernym of
exemption; that is, tax deduction is a
word with a broader meaning than exemption:
- exemption: a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
- tax deduction: a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Other hypernyms of exemption include
deduction, tax write-off.
| exemption (noun) | tax deduction (noun) |
|---|---|
| an act exempting someone | a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket |
| a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.) | |
| immunity from an obligation or duty |
Words related to "exemption"
Words related to "tax deduction"
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