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Can you write off professional office equipment?
Our office has purchased several new pieces of office equipment for the business, and I’m wondering to what extent we can get a tax break. We’ve purchased about 30K worth of computers, printers, copiers, and servers to serve a 25-person firm. Does anyone know what we can or cannot write off? Where can I find this information?
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2 Answers
1. Please look up the relevant statutes-laws in your state/country.
2. In my opinion, there are two issues you are mixing up.
3. Tax breaks for the purchase of equipment that is necessary for the functioning of business is available. These items can be straight away deducted as capital equipment required for the running of the business. The exact quantum year to year will depend on the tax laws and depreciation schedule.
4. writing off of equipment that either has a "zero" depreciated value or those that have become "obsolete" is another issue. These items are "removed" from the books of the company and tax write-off is available.
Send me an email and I will forward you information on Section 179.
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