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Tax Deduction Consulting: Laptop Computer Deduction Manchester NH

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. James E. Knee (RFC®), MBA
(603) 224-1010
6 Loudon Road, Suite 505
Concord, NH
Company
Sterling Financial Services, LLC
Qualifications
Education: B.S., University of Bridgeport;MBA, Southern New Hampshire University;Advanced Certificate in International Business;Series 24 Registered Principal License;Series 7 and 63 Securities License;NH Health and Life Insurance License
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Education Plan, Asset Protection

Data Provided by:
H&R Block Inside Northside Plaza
(603) 628-1976
67 HAMEL DR UNIT B4A
MANCHESTER, NH

Data Provided by:
H&R Block
(603) 647-6974
1328 Hooksett Rd
Hooksett, NH

Data Provided by:
Melanson Heath & Co PC - Linda Imhoff CPA
(603) 882-1111
102 Perimeter Rd
Nashua, NH

Data Provided by:
J Walker & Co LLC
(603) 224-4829
104 N State St
Concord, NH
Hours
Mon 09:00 AM-05:00 PM;Tue 09:00 AM-05:00 PM;Wed 09:00 AM-05:00 PM;Thu 09:00 AM-05:00 PM;Fri 09:00 AM

Data Provided by:
Fishers Income Tax Svc
(603) 622-2057
616 Mast Rd
Manchester, NH

Data Provided by:
Danis & Company
(603) 656-9041
169 South River RD #14
Bedford, NH
 
Steele Associates
(603) 673-4660
54 Nashua St
Milford, NH

Data Provided by:
Kline & Company, CPA, P.C.
(603) 881-8185
141 Main Street
Nashua, NH
 
Devereaux & Ean-Dixon Bookkeeping LLC
(603) 717-1214
PO Box 2794
Concord, NH
Prices and/or Promotions
10% off of individual tax return prep

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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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