tax write-off

• Ein Betrag, den ein Unternehmen oder eine Einzelperson rechtmäßig vom zu versteuernden Einkommen abziehen kann, wodurch sich die zu zahlende Steuer verringert. Dies betrifft in der Regel Betriebsausgaben, Investitionen oder bestimmte persönliche Aufwendungen.

An expense that a business or individual can legally deduct from their taxable income, reducing the amount of tax owed. It typically refers to costs incurred for business operations, investments, or qualifying personal expenses.

1. Tax deductionB2formal

   An expense that can be subtracted from total income to reduce the amount of income tax owed.

   Steuerabzug

   • Donating to charity can be a tax write-off.
   • Business owners often use equipment purchases as a tax write-off.
   • He claimed his home office as a tax write-off.