Tax Myth #11 - Equipment For Work

Can I deduct my phone and computer for work?

If you use the computer and phone more than 50% for work, then yes. You will get to write off the business percentage on your tax return. For instance, if you have a $1,000 computer and use it 55% for business, you are entitled to write off $550 of the computer cost. Same is true for your phone.

If the equipment qualifies for business use, then you can also expense the costs associated with the use of the item. For a phone, the cost of the service and calls made for business. For a computer, the software and internet charges for the business use.

As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.