personal exemptionglossary / personal exemption An amount allowed as a deduction from an individual taxpayer’s adjusted gross income. [Cases: Internal Revenue 3295; Taxation 1031.1, 1048. C.J.S. Taxation §§ 1736–1739.] 词条贡献者 法律翻译Betty,毕业于英国一流的高级翻译学院,专注翻译各类与新型冠状病毒(COVID-19)有关的法律文件。