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Tax Deduction Consulting: Laptop Computer Deduction Buckhannon WV

A laptop is a personal computer. It is certainly more portable and therefore lends itself more easily to many business purposes, but it is still a computer and therefore is subject to the same rules as a regular desk top personal computer.

Mr. Gregory R. Metcalf (RFC®), RFP
(307) 723-5018
200 Ivy St
Weirton, WV
Company
Horizon Financial Group
Qualifications
Education: Ohio University, BBA FinanceCollege for Financial Planning's CFP Certification Professional Education Program
Years of Experience: 15
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection

Data Provided by:
Himes, Thomas G
(304) 425-5119
600 Rogers St
Princeton, WV

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H&R Block Inside Southridge Shopping Center
(304) 746-2005
2370 MOUNTAINEER BLVD
SOUTH CHARLESTON, WV

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H&R Block Inside Sears At Grand Central Mall
(304) 485-4749
500 GRAND CENTRAL AVE
VIENNA, WV

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H&R Block Inside Sears At Towne Center Mall
(304) 345-1373
200 QUARRIER ST
CHARLESTON, WV

Data Provided by:
Harold D. Vealey (RFC®), CLU, LUTCF
(304) 346-2154
910 Chester Road
Charleston, WV
Company
Vealey Financial Services
Qualifications
Education: BA
Years of Experience: 43
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, BuySell, Compensation Plans

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Liberty Tax Service
(866) 871-1040
735 Chestnut Ridge Rd
Morgantown, WV

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H&R Block
(304) 358-2501
LOVEGROVE BLDG 100 S MAIN ST
FRANKLIN, WV

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Liberty Tax Service
(866) 871-1040
324 W Washington St
Charles Town, WV

Data Provided by:
H&R Block
(304) 799-6417
221 8TH ST
MARLINTON, WV

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Tax Deduction Consulting: Laptop Computer Deduction

Laptop Computer Tax Deduction

Is there a laptop computer tax deduction? Do you have to be operating a business with you laptop in order to claim depreciation and related equipment costs? These are common tax questions about a laptop.

A laptop is a personal computer. It is certainly more portable and therefore lends itself more easily to many business purposes, but it is still a computer and therefore is subject to the same rules as a regular desk top personal computer. One advantage of a laptop is that it is much easier to convince the IRS that it is for business and not pleasure. What are the rules for claiming the laptop computer tax deduction?

First of all, let's get the bad news over with. If your main purpose for your computer is to play games, send emails to your mother, or chat with your friends, there is no tax deduction that will apply. The only time a computer, laptop or otherwise, results in a tax deduction is when it has some income producing purpose. This business purpose must meet two conditions. First, it must be required by your employer as a condition of employment. Second, it must be used at the convenience of your employer.

When these conditions are met, the cost of the computer and related hardware can be taken as a tax deduction. If you use it for the employer's convenience more than 50% of the time, you can use either an accelerated depreciation method spreading the cost over 5 years or make a Code Section 179 election and take the entire deduction in the year the equipment was purchased. If the use is less than 50%, you must use straight line depreciation and can not use Section 179. The deduction is a miscellaneous itemized deduction and subject to the 2% of Adjusted Gross Income reduction.

If you use the computer on your own for any income producing activity such as tracking online investments or even preparing tax reports, you can claim operating expenses and depreciation also. In this situation, only the percentage of use tha...

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