Deduction

Of write-off.   May also be referred to as tax deduction and tax 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.

This concept's ID is @1~66743

Contains

  • business deduction 1 facts

    Tax write-off for expenses of doing business.

  • exemption 0 facts

    A deduction allowed to a taxpayer because of his status (having certain dependents or...

  • tax benefit 0 facts

    A tax deduction that is granted in order to encourage a particular type of commercial...