It's A Write Off!

What exactly is a “write-off”? It’s one of the most common phrases in taxes—and one of the most misunderstood. In this episode of Title 26, CPA Ben Lehman explains what tax deductions really are, why they exist, and why buying something simply because “it’s deductible” rarely makes financial sense. From business expenses and depreciation to charitable contributions and the famous Seinfeld “write-off” scene, discover why deductions reduce the cost of a purchase—but never make it free.