1) in income taxation, a credit given for each dependent, blindness or other disability,
and age over 65, which result in a downward calculation in tax levels. These are
not to be confused with deductions, which reduce gross income upon which taxes are
paid. 2) a right to be excluded from, such as not being subject to attachment of
one's wages if one is in a low-income bracket, or not being subject to the military
draft if one is employed in essential industry, has several children or is a college
student.
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