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Definitions and Synonyms of tax write-off | Another word for tax write-off | What is tax write-off?

Definition 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 - [noun denoting possession]

Synonyms for tax write-off in the sense of this definition

(tax write-off is a kind of ...) (accounting) reduction in the book value of an asset

(... is a kind of tax write-off ) a tax deduction that is granted in order to encourage a particular type of commercial activity

(... is a kind of tax write-off ) tax write-off for expenses of doing business

(... is a kind of tax write-off ) 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"

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