Writing Off Work Devices

Do you own your own business? If so, you’ll be glad to know that some of those devices you’ve purchased for work or plan to purchase for work can be written off as tax deductions.

So, what kind of things can be deducted? Well, surprisingly, more than you might think!  

Cell Phones

First things first, if you want to buy yourself a nice cell phone and use it for business purposes only, you can deduct its cost and even the cost of your monthly bill from your taxes.

If you use the phone for both business and pleasure, then you can deduct half of its purchase price and half of your bill as a business expense. And, hey, half is definitely better than nothing!

Internet Bills

Sometimes, we find ourselves buying “on the fly” internet when we need to work and aren’t at the office.

If you’re ever in a hotel or an airport and need to buy an internet connection to get your work done, don’t worry. You can deduct the internet cost as a business expense.

The same goes for your regular office internet connection too. As long as you’re using the internet strictly for business purposes, you can deduct the full amount of your monthly bill.

Computers

Do you need to buy a computer to get your work done? If so, don’t worry. You can go ahead and deduct the cost of the device as a business expense.

Just make sure that you can demonstrate and prove how you use the computer for business. Also, keep any receipts related to the purchase just in case you are ever asked to verify the cost of your deduction.

As you can see, business owners can find lots of ways to save. The key is just to know what counts as a legitimate deduction and what doesn’t. Check in with an accountant if you have doubts about a particular deduction. That way, you can avoid getting yourself into trouble with the IRS.