A Business Tax Deductions List - Courtesy of Your IT Partner

Published on January 26, 2015
It’s almost tax time! Did you know that your small to medium sized business can part of your business tax deduction list? IRS Code Section 179 says that you can deduct the following technology expenses from your 2014 business taxes:
  • No more than $500,000 in new or used qualifying tech expenses.
  • No more than $2 million dollars in capital purchases.

You can even deduct your technology expenses from up to five years ago, provided that you are using it for business purposes more than 50% of the time.

IT Tax Deductions List:

The Section 179 website offers a great tax deduction calculator for your business: Click here to see it. For example, if you paid $300,000 dollars in equipment and software, you can claim the entire dollar amount on your taxes and save $105,000.

Find your receipts for any of the items listed below, and try the calculator to see how much money you might be saving on your2014 taxes.

  • Computers
  • Laptops
  • Computer replacement parts
  • Off-the-Shelf Software (software available to the public with non-exclusive license)
  • Smartphones or Cellphones
  • Printers
  • Webcams
  • Internet Access
  • Web Hosting
  • Office Furniture and Equipment
  • IT Solutions and Support

This business tax deductions list is designed to encourage small and medium sized businesses to invest in capital and stimulate the economy. Large enterprises that are able to pay more than $2,000,000 in capital get a smaller deduction based on the remaining amounts over the $500,000 limit.

Do You Want Deductions Next Year?

Is your IT infrastructure outdated? Maybe it’s time for you to consider different technology solutions that can optimize the way you work, while saving your business money in the long run.

Let your new technology this year be part of your business tax deductions list next year. Contact Centre Technologies today and learn more about the IT solutions we can offer your business.

Subscribe to Our Blog

About the Author

Centre Technologies Centre Technologies

Centre Technologies is a full-service IT consulting and managed services provider headquartered in Texas, with a focus on mid-sized businesses. As a trusted IT partner for well over a decade, Centre is recognized for its local experience and enterprise-grade cloud and cybersecurity solutions. Centre is committed to helping organizations harness the power of technology to maximize their operational efficiency and exceed their business goals. Learn more about Centre Technologies »

Follow on LinkedIn »