What is another word for offsetting?

329 synonyms found


[ ˈɒfsɪtɪŋ], [ ˈɒfsɪtɪŋ], [ ˈɒ_f_s_ɪ_t_ɪ_ŋ]

Related words: carbon dioxide offset programs, how to offset CO2, how to offset carbon dioxide, how to offset my carbon footprint, carbon dioxide offset calculator, environment carbon offset program, greenhouse gas emission offsets, carbon dioxide offsets

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    Synonyms for Offsetting:

    How to use "Offsetting" in context?

    Offsetting is a financial term which refers to how a tax-deductible expense can be used to reduce taxable income. For example, say you are a business owner who pays $10,000 in employee wages each month. If you choose to offset that wage expense by claiming a $7,000 business deduction (the amount your business is allowed to deduct from its taxable income), your taxable income would drop from $14,000 to $9,000. This is because $7,000 of the $10,000 wage expense is offset by the $7,000 business deduction.

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