tax write-off

Definition of "tax write-off"
  1. An amount that can be subtracted from income when calculating taxes, typically linked to costs, losses, or depreciation
How to use "tax write-off" in a sentence
  1. The company used the business travel expense as a tax write-off.
  2. Donating to charitable organizations can also be a form of tax write-off.
  3. When making the annual tax report, any cost related to maintaining the office space was considered a tax write-off.

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