Can You Write Off Your Laptop Bag?
Do you own your own business, or carry a laptop or tablet to work? Then don't miss the opportunity to write off a new laptop bag on your 2017 taxes. Many of our bags are on sale through the end of the year - an opportunity for even more savings if you buy now.
For self-employed individuals, bags used for business purposes - like carrying your laptop - can be deducted as a supply, just like computers and cell phones that are used for business purposes. For employees who incur unreimbursed work-related technology expenses, these purchases may be itemized as employee business expenses.
Remember that the IRS requires deductions to be a "usual, necessary, customary, and reasonable expense for your type of business." If items or utilities are used partially for personal purposes, then you won't be able to deduct the full amount as a business expense. It's always a good idea to check with a tax professional to ensure your deduction is valid.
- Michelle Chang