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tax write-off

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.tax write-off - a reduction in the gross amount on which a tax is calculatedtax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
tax benefit, tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
business deduction - tax write-off for expenses of doing business
exemption - a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.); "additional exemptions are allowed for each dependent"
write-down, write-off - (accounting) reduction in the book value of an asset


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He said: "Why should there be one law for these people who are operating in a sweetheart arrangement that they get a tax write-off for losses that are already being borne by the taxpayer?
The public station gets the proceeds and the donor gets a tax write-off.
Contrary to popular belief, these judgments can be collected, leaving you with more than just a tax write-off, but it will take a little effort and perseverance.
 
 
 
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