Homestead Exemption

Business / Real Estate / Homestead Exemption: The amount of homestead protection from unsecured creditors—$50,000 for single persons, $75,000 for families, $100,000 for persons 65 years of age, and $100,000 for disabled persons unable to work.

Other Words for Exemption

Exemption Verb Synonyms: exception, immunity, freedom, release, impunity, dispensation, exclusion

Small Issues Exemption

Business / Finance / Small Issues Exemption: An individual person investing in small quantities of stock or bonds. This group of investors makes up a minimal fraction of total stock ownership. MORE

Tax Exemption

Business / Accounting / Tax Exemption: An amount that a taxpayer who meets certain criteria can subtract from taxable income. Examples include exemptions for each dependent or for life insurance proceeds. (See Tax Credit, Tax Deduction.) MORE

Veterans Exemption

Business / Real Estate / Veterans Exemption: California war veterans may receive a $4,000 exemption on the full cash value of their homes. MORE

Personal Exemption

Business / Finance / Personal Exemption: Amount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation. MORE

Mrs. Murphys Exemption

Business / Real Estate / Mrs. Murphys Exemption: The common description of the exemption that applies to an owner-occupied building with four or fewer units. MORE


Business / Real Estate / Homestead: A statutory exemption of real property used as a home from the claims of certain creditors and judgments up to a specified amount, requires a declaration of homestead be completed and filed with the c MORE