What is the meaning of tax write-off?

noun

  • A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). tax write-off. Retrieved September 20, 2026, from http://smartdefine.org/tax_write-off/definitions/1242843
ChicagoWordNet. 2010. "tax write-off" http://smartdefine.org/tax_write-off/definitions/1242843 (accessed September 20, 2026).
HarvardWordNet 2010, tax write-off, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/tax_write-off/definitions/1242843>.
MLAWordNet. "tax write-off" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/tax_write-off/definitions/1242843>