What is another word for tax write off?
Pronunciation: [tˈaks ɹˈa͡ɪt ˈɒf] (IPA) 
"Tax write off" is a term that refers to a deduction that reduces the overall taxable income and hence, lowers the tax liability. Some commonly used synonyms for this term are "tax deduction", "tax benefit" or "tax relief". Another synonym that is often used is "tax credit" which is different from a tax deduction as it is applied directly to reduce the taxes owed rather than the taxable income. Some other similar terms that can be used include "allowable expenses", "exemptions", "tax breaks", "tax exemptions", and "tax rebates". All these terms represent different ways to lessen a taxpayer's financial burden and also encourage specific behavior or activities, such as charitable donations or investing in energy-saving appliances.
