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