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  1. Dictionary
    write-off
    /ˈrīdˌôf/

    noun

    • 1. a cancellation from an account of a bad debt or worthless asset.
    • 2. a worthless or ineffectual person or thing: "she burns the toast and decides the weekend is a write-off"

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  2. www.merriam-webster.com › dictionary › write-offWrite-off Definition & Meaning - Merriam-Webster

    Learn the noun and verb meanings of write-off, a term related to accounting, taxation, and loss. See synonyms, examples, word history, and related entries.

  3. www.investopedia.com › terms › wWrite-Offs: Understanding Different Types To Save on Taxes -...

    May 29, 2024 · A write-off is an accounting action that reduces the value of an asset while simultaneously debiting an expense account. It is primarily used in its most literal...

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  5. www.freshbooks.com › hub › accountingWhat Is a Write-Off? Definition & Examples for Small Businesses

    Learn what a tax write-off is and how it can help you lower your tax bill. Find out which business expenses are deductible and how to report them on your tax return.

  6. dictionary.cambridge.org › dictionary › englishWRITE SOMETHING OFF | English meaning - Cambridge Dictionary

    WRITE SOMETHING OFF definition: 1. to accept that an amount of money has been lost or that a debt will not be paid: 2. to be able…. Learn more.

  7. www.myaccountingcourse.com › accounting-dictionary › write-offWhat is a Write Off? - Definition | Meaning | Example

    Definition: A write off is the process of removing an asset or liability from the accounting records and financial statements of a company. Companies tend to write off assets because the assets are no longer available or valid.

  8. www.investopedia.com › ask › answersWrite-Off vs. Write-Down: What's the Difference in Accounting?

    Jan 4, 2024 · A write-off reduces the value of an asset to zero and negates any future value. A write-off is typically a one-time event, entered in a company's books...

  9. smartasset.com › taxes › what-is-a-write-offWhat Is a Write Off and How Do You Take One? - SmartAsset

    Mar 21, 2023 · A write-off is a business accounting expense that is reported for unreceived payments or losses from assets. Here’s how and when write-offs are commonly done. Mortgage

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