In (U.S.) business, if I write-off a $1500 "bad debt", how much might my taxes (due/payable) decrease?

Is there a "rule of thumb" for how much taxes (due/payable) decrease for every, say, $100 "written-off"? {U.S.]

2008-06-04T09:26:30Z

What tax bracket might a huge corporation be in (like Microsoft, Capital One Bank, gas companies...)?

Judy2008-06-04T07:23:30Z

Favorite Answer

Multiply the deduction by your tax rate - so if you are in a 15% bracket, a $100 deduction would save you $15 in taxes.

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