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allowance

noun/əˈlaʊəns/

A1CEFR level
5/100Rarity: common
TechnicalRegister

An amount of income or expenditure that may be set against tax.

Each taxpayer may earn up to the personal allowance before any income tax is due.

Topic: Tax law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Tax law