What is another word for write-offs?

Pronunciation: [ɹˈa͡ɪtˈɒfs] (IPA)

Write-offs refer to deductions or expenses that can be subtracted from income to decrease taxable income. There are several synonyms for write-offs, including deductions, allowances, exemptions, tax breaks, and credits. Deductions refer to expenses that are subtracted from income before taxes are calculated, whereas allowances are amounts that can be claimed to reduce taxable income. Exemptions are similar to allowances, but they are specific to certain circumstances, such as dependents. Tax breaks are incentives offered by the government to encourage certain behaviors, such as charitable donations. Finally, credits are dollar-for-dollar reductions in taxes owed, while write-offs are a reduction in taxable income. Knowing these synonyms for write-offs can be helpful for tax planning and understanding financial jargon.

What are the paraphrases for Write-offs?

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What are the hypernyms for Write-offs?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    losses, expenses, debits, financial transactions, tax deductions, Accounting transactions, Financial adjustments, business transactions.

What are the opposite words for write-offs?

Write-offs are considered as the reduction or cancellation of an asset's value due to a particular reason. Some of the antonyms for write-offs can include appreciation, gain, and increase. Appreciation refers to the rise in a particular asset's value over time. An increase in value can be attributed to an improved economic situation or demand for the asset. Gain is to obtain a profit, which can be achieved by generating income from an investment, contributing to savings or sale proceeds. Write-offs are the opposite of gains, while increases in value generate profits, providing appreciation. Overall, antonyms for write-offs are gains, appreciation, and increase.

What are the antonyms for Write-offs?

Related words: write off, write-offs, write down, write up, write up account

Related questions:

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