fire extinguisher

Fire extinguishers can be deducted as a business expense under IRS rules if they are used to protect the business premises or equipment. This deduction is typically applicable when the fire extinguisher is installed in a business location such as an office, store, or workshop. For example, a restaurant owner can deduct the cost of fire extinguishers installed in the kitchen as they are essential for safety. However, if a fire extinguisher is purchased for personal use at home, it is not deductible. Businesses should ensure that the expense is ordinary and necessary for their specific industry. Additionally, if the cost of the fire extinguisher is significant, it may need to be capitalized and depreciated over time rather than expensed immediately.