Tag Archives: Laptop

Laptop for College

Today TaxMama® hears from Jenni in the TaxQuips Forum who has an amazing job. “I took a job at a university that offers free tuition for my family. The American Opportunity Credit can be used for tuition, books, fees and required materials. We have used the credit for books, fees and a laptop, which is […]

Depreciation Dilemma

Today TaxMama hears from Diana who grumbles, “I tried to list a new laptop using Section 179 for my new business. The Feds were OK. But I could not list the full amount on the California return due to their lower Section 179 limits, so I left it off my taxes. How do I claim […]

Not Entertaining

Today TaxMama hears from Deb in NY whose husband is up to no good. “My husband insists that he can deduct the cost of his laptop and WiFi service as a part of ‘meals & entertainment’. Please tell me if this is true. I have no desire to get one of those ‘we’ve adjusted your […]