What does write off tax deductible mean?

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write off tax deductible refers to any qualifying expense you can subtract from your total income to reduce your tax liability. When an expense is tax deductible, it lowers your taxable income, helping you pay less in taxes. Common deductible items include business supplies, vehicle mileage, student loan interest, and charitable donations. By categorizing these expenses correctly, you can optimize your tax return and keep more of your earnings. Understanding what write off tax deductible means is important for freelancers, small business owners, and employees who want to maximize savings through legitimate deductions approved by tax authorities.

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