Hi @mfilewich,
Currently, we are unable to show a tax exempt description above the total on your invoices.
I suggest sending feedback by going to the Gear icon, choosing Feedback. Messages shared will go directly to our developers and will be considered for future updates.
You can also visit this link to learn more about the latest releases and updates in QuickBooks Online: https://quickbooks.intuit.com/blog.
Let me know if you have any other questions. I'll be just a post away if you need a hand.