2007-01-22 05:38:41 · 5 answers · asked by don b 1 in Business & Finance ➔ Taxes ➔ United States
It depends on what you're calling a tool. Some would require amortization over 3 to 5 years. cheap and disposable tools can be expensed in one year.
2007-01-22 05:47:34 · answer #1 · answered by Scott K 7 · 0⤊ 0⤋
Only if you purchased them yourself, and the company that you work for will not provide them to you or you are self employed.You can also deduct the cost of uniforms if you paid for them.
2007-01-22 13:49:10 · answer #2 · answered by Vicki S 1 · 0⤊ 0⤋
Yes, this is an acceptable deduction.
2007-01-22 13:41:46 · answer #3 · answered by WC 7 · 0⤊ 0⤋
Check with a CPA or IRS tax agent.
2007-01-22 13:48:00 · answer #4 · answered by suzieq_64093 4 · 0⤊ 0⤋
yes you can....but its not worth it unless you have a lot of other stuff to itemize.....
2007-01-22 13:48:21 · answer #5 · answered by zdonz 3 · 0⤊ 0⤋