tax write-off
6
3.8
- noun
- /tæks raɪt ɔf/
- US
:
deducción fiscal
- Donating to charity can provide you with a generous tax write-off, reducing your taxable income.
That is going to be a tax write off for the employer.
- That is going to be a tax write off for the employer.
- Claim your tax write offs now before the year ends.
- Often it's because they want to get a tax write off.
- So if I could buy real estate hands off, I think it's a great way to get some good tax write offs and gain some more leverage.
- Rentals are good for wealth and net worth and tax write offs and all those things.
- So if get major tax write offs as a result.
- If this play does very poorly, it's a tax write off.
Examples
-
You're rid of the stuff, you get a tax write-off, and you help out a charity.
Blog text (23) -
The woman who let me in told me that, if I liked, she could arrange to donate his clothes to ORT, for which there would be a tax write-off.
Fiction book (2001) -
That is going to be a tax write off for the employer.
-
Claim your tax write offs now before the year ends.
-
The only reason my husband and I got that piece of paper was for the tax write-off.
Blog text (17) -
But at least they end up with a nice tax write-off.
Blog text (8) -
I get the tax write offs, I get the benefits, I get the cash flow and I get the long term appreciation.
-
Michigan is considering a bill that would allow pet care as a tax write-off.
Academic text (2009) -
In most cases, tax write-offs have mitigated the loss for the company.
Blog text (7) -
At my firm, I work with lots of CEOs on helping them to get tax write-offs, and we discussed this option.
Blog text (19)
Synonyms
115
3.0
An amount taken away from a total, for example from pay
98
3.0
A smaller tax people or companies must pay to encourage certain activities
22
3.4
An expense or amount you can subtract from your income to lower your tax
20
6.2
An amount you can take off your income when you calculate tax
Surface Forms
Morphology
tax + write-off
While 'tax' is transparent, the compound 'write-off' relies on a conventionalized accounting sense ('to remove or cancel an amount from accounts') that is only partially hinted at by the literal parts 'write' + 'off' (suggesting removal). The specific meaning 'a deductible amount that reduces taxable income' is a specialized, conventional use that many B1 learners would not fully predict without exposure, so it is only partially transparent.
Etymology
Tax write-off may come from old record keeping, when people would literally write a cost off a list by crossing it out so it 'did not count' as income. So today a tax write-off is an expense you can use to reduce the amount of money you are taxed on.