TAX WRITE-OFF
Dictionary entry overview: What does tax write-off mean?
• TAX WRITE-OFF (noun)
The noun TAX WRITE-OFF has 1 sense:
1. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Familiarity information: TAX WRITE-OFF used as a noun is very rare.
Dictionary entry details
• TAX WRITE-OFF (noun)
Meaning:
A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Classified under:
Nouns denoting possession and transfer of possession
Synonyms:
deduction; tax deduction; tax write-off
Hypernyms ("tax write-off" is a kind of...):
write-down; write-off ((accounting) reduction in the book value of an asset)
Hyponyms (each of the following is a kind of "tax write-off"):
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.))
