Can I write off project management software?
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Project management software is generally considered a deductible business expense if it is used to manage business projects, track time, or collaborate with team members. This deduction is applicable if the software is used primarily for business purposes and is ordinary and necessary for the operation of the business. However, if the software is used for personal purposes, the expense is not deductible. For example, a freelance project manager using software to coordinate with clients and track project timelines can deduct the cost as a business expense.