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Ann225 Posted 9 years ago
Grammar

Tax write-off

"We capture the tax write-off and those kids will be better off than their parents."

I'm not sure if I understand what it means to 'capture the tax write-off'. I know what 'a tax write-off' is though.

Thank you.

  

Top answer

Ann225 I'm not sure if I understand what it means to 'capture the tax write-off'. To be able to use the tax write-off when submitting one's income tax return.

— Mister Micawber

  • Ann225 I'm not sure if I understand what it means to 'capture the tax write-off'.
  • To be able to use the tax write-off when submitting one's income tax return.
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2 Answers
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Ann225I'm not sure if I understand what it means to 'capture the tax write-off'.

To be able to use the tax write-off when submitting one's income tax return.

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Ann225'capture the tax write-off'

To qualify (meet the requirements) so you can take the deduction on the tax return.

e.g

Some couples chose to induce labor  on December 30  or 31 to capture that year's tax write-off.
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