b ' The way tax write-offs work is that they reduce your gross revenue or income by the total a' What are tax-writeoffs and how do they work? : Michael Grover

What are tax-writeoffs and how do they work?

Written for AMEX

Posted by Michael Grover on May 24, 2022
Article Excerpt...
The way tax write-offs work is that they reduce your gross revenue or income by the total amount of allowable expenses. The result is called Adjusted Gross Revenue or income and becomes the basis on which a tax bill is calculated. Depending on the overall value of the deductions, tax write-offs can potentially save thousands or millions per year off a tax bill.

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