What does tax write-off mean?
Definitions for tax write-off
tax write-off
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax write-off.
Princeton's WordNet
tax write-off, tax deduction, deductionnoun
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Wikipedia
tax write-off
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income.
ChatGPT
tax write-off
A tax write-off, also referred to as a tax deduction, is an expense that can be subtracted from a taxpayer's gross income, thereby reducing the amount of taxable income and consequently, reducing the amount of money owed to the government in taxes. This could be any expense incurred for personal or business purposes, which the tax laws allow you to deduct from your income. Examples of tax write-offs can include medical expenses, education costs, business operating expenses, and home mortgage interest.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax write-off in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of tax write-off in Pythagorean Numerology is: 3
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"tax write-off." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/tax+write-off>.
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