<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Tax exemption is a monetary exemption which reduces taxable income . Tax exempt status can provide complete relief from taxes, reduced rates, or tax on only a portion of items . Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios . </P> <P> Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion . Tax exemption also refers to removal from taxation of a particular item rather than a deduction . </P>

What is an example of a tax exemption