What is another word for tax writeoffs?
Pronunciation: [tˈaks ɹˈa͡ɪtɒfs] (IPA) 
Tax writeoffs are deductions that can be claimed on your income tax return to reduce your taxable income. When looking for synonyms for "tax writeoffs," some common phrases used include "tax deductions," "tax breaks," "tax benefits," or "tax savings." These terms all refer to different types of expenses, credits, or allowances that can be put against your tax liability. Some examples of tax writeoffs include charitable donations, mortgage interest payments, business expenses, and medical expenses. Understanding which tax writeoffs are available to you can significantly reduce your tax bill, making it important to consult with a tax professional or use reliable tax software to avoid missing out on potential savings.
