Can I write off a computer purchase?
Technology Expensesfreelancersconsultantsgraphic designersit professionalssmall business ownerscomputer
A computer purchase can be deducted if it is used for business purposes. If the computer is used exclusively for business, you may deduct the full cost. If it is used for both personal and business purposes, you can only deduct the business-use percentage. You have the option to deduct the entire cost in the year of purchase under Section 179, or depreciate it over several years using the Modified Accelerated Cost Recovery System (MACRS). For example, if a computer costs $1,000 and is used 80% for business, you can deduct $800. Be aware that the Section 179 deduction has limits and may not be applicable if your total deductions exceed your business income.