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The phrase "used to offset" is correct and is often used in written English.
It is most commonly used when referring to a balancing of opposing elements. For example: "The government used tax credits to offset the impact of increased fuel costs on households."
Exact(60)
Hedges are financial methods used to offset price changes.
The deferred assets could have been used to offset taxes on future profits.
He said the $300,000 was used to offset those expenses.
Those losses could be used to offset any future taxable gains made by the company.
WJRJ's losses could be used to offset the taxes on the profits of Turner's billboard business.
The fees will be used to offset the costs of programming for joint degree students.
This is commercial income and the funds are used to offset operating costs.
Those benefits are then used to offset taxes on its American manufacturing profits.
Here the stake-sharp stiletto that Wu used to offset some of his more ladylike looks.
And new tax credits available to help pay premiums cannot be used to offset the penalty.
While the phantom losses can be used to offset income from other sources, they cannot be used to offset the phantom income, leaving their holder with a tax bill and no resulting cash.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com