👉 Exempting is a legal concept in the United States that involves allowing individuals to avoid paying taxes on certain types of income or assets. This can be due to various reasons such as charitable contributions, capital gains, or legitimate business activities. In many jurisdictions, individuals who are not subject to federal income tax have the ability to claim exemptions under their state’s laws. These exemptions may include things like receiving a bonus from a company, donating to charity, or investing in certain types of property without having to
