exemption
🇺🇸
/ɪɡˈzempʃn/
🇬🇧
/ɪɡˈzempʃn/
Official permission to skip something or not pay something that is usually required.
She got an exemption from taking the final exam because of her high grades.
An amount of money that you do not have to pay taxes on.
Donations to charity often qualify for a tax exemption.