write-off

1 of 2

noun

ˈrīt-ˌȯf 

1

: an elimination of an item from the books of account

2

a

: a reduction in book value of an item (as by way of depreciation)

b

: a tax deduction of an amount of depreciation, expense, or loss

3

chiefly British : something (such as a damaged vehicle) or someone regarded or conceded as a loss

write off

2 of 2

verb

wrote off; written off; writing off; writes off

transitive verb

1

: to eliminate (an asset) from the books : enter as a loss or expense

write off a bad loan

2

: to regard or concede to be lost

most were content to write off 1979 and look optimistically ahead

—Money

also : dismiss

was written off as an expatriate highbrow

—Brendan Gill

Synonyms

Verb

• bad-mouth
• belittle
• cry down
• decry
• denigrate
• deprecate
• depreciate
• derogate
• diminish
• dis [slang]
• diss
• discount
• dismiss
• disparage
• kiss off
• minimize
• play down
• poor-mouth
• put down
• run down
• talk down
• trash
• trash-talk
• vilipend

Examples of write-off in a Sentence

Verb

most critics have already written off that director as a hack incapable of turning out anything but schlock

that one blunder will write off to nothing all the goodwill we've been building up

Recent Examples on the Web

Noun

That's due to Trump's Tax Cuts & Jobs Act, which greatly expanded the standard deduction starting in 2018, which in turn limited write-offs for millions of low- and middle-income Americans. —Aimee Picchi, CBS News, 11 Oct. 2024

Adjusted operating income growth, which also excludes the write-off, is expected to grow between 8% and 9%. —Kevin Stankiewicz, CNBC, 3 Oct. 2024

Verb

Without action from Congress, the TCJA will expire at the end of 2025 and borrowers will be able to write off either loan no matter how the money is spent. —Kelsey Neubauer, CNBC, 29 Oct. 2024

Both individuals and corporations would have been able to write off up to $1 million on their state income taxes, and the program could have cost the state up to $25 million in its first year of implementation. —Krista Johnson, The Courier-Journal, 29 Oct. 2024

Word History

First Known Use

Noun

1905, in the meaning defined at sense 1

Verb

1678, in the meaning defined at sense 1

Kids Definition

write off

verb

1

: to take off the books : enter as a loss or expense

write off a bad debt

2

: to consider to be lost

the candidate has already written off some states

also : dismiss sense 3

wrote off my losing as bad luck

Legal Definition

write-off

1 of 2 noun

ˈrīt-ˌȯf

1

: the elimination of an asset or amount due from the books

2

: tax write-off

write off

2 of 2 transitive verb

1

: to eliminate (an asset) from the books : enter as a loss or expense

write off a bad loan

2

: to use as a deduction in calculating taxable income

write off the cost as a business expense