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2. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

   www.aol.com/write-off-expenses-businesss-taxes...

   A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

3. What Can I Write Off on My Taxes? - AOL

   www.aol.com/finance/write-off-taxes-090021611.html

   Although certain tax deductions remain relatively stable from year to year, others change or disappear entirely, while new ones occasionally crop up. Find Out: What Are the 2020-2021 Federal Tax ...

4. Write-off - Wikipedia

   en.wikipedia.org/wiki/Write-off

   In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by ...

5. 6 Ways You Might Be Eligible for a Tax Write-Off - AOL

   www.aol.com/6-ways-might-eligible-tax-160000263.html

   3. Dependents The best tax write-offs for individuals are not deductions, but exemptions. While deductions lower your taxable income, exemptions lower your taxes directly on a dollar-for-dollar ...

6. Income tax - Wikipedia

   en.wikipedia.org/wiki/Income_tax

   An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.

7. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...