tax write-off

noun

Legal Definition of tax write-off

: a tax deduction of an amount of depreciation, expense, or loss cancelled the debt and took a tax write-off on the loss

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“Tax write-off.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/tax%20write-off. Accessed 16 Feb. 2020.

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