English version

personal exemption

From Longman Dictionary of Contemporary Englishpersonal exemptionˌpersonal exˈemption noun [countable] American English  the amount of money that you can earn each year before you must pay income tax
Examples from the Corpus
personal exemptionFor example, a married couple with two dependents would be permitted an $ 8000 personal exemption.Each individual in a household is also allowed a personal exemption of $ 2000.The personal exemption was nearly doubled to $ 2,000 in 1989 and then indexed for inflation.
From Longman Business Dictionarypersonal exemptionˌpersonal exˈemption noun [countable]TAXACCOUNTING the amount of income that each person can have each year without paying tax on it SYN personal allowance BrEThe basic personal exemption would increase by more than the rate of inflation.
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