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Annual Exclusion
(redirected from Annual Exclusions)

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Annual exclusion
A tax rule allowing the deduction of certain income from taxation.
Annual Exclusion
The amount of a taxpayer's income that he/she may exclude from his/her taxable income. Examples of income that may go into the annual exclusion include business expenses and municipal bond coupons. The amount of the annual exclusion varies from taxpayer to taxpayer.
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