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Exemption

A direct reduction taken from Taxable income for a specific reason, as allowed by the IRS.

Related Terms: 6 ECI, Inc., Low, Owe, Tax, Taxable income
Other Related Pages: Category: Taxes Starting With: E
Additional Related Terms: 10-K, 52-week low, Allowance for depreciation, After-tax basis, All or any part, Accumulated earnings tax, All-risks coverage, Add-on service, As is, Attorney in fact