A computer equipment deduction allowed taxpayers to claim a total of up to a total $6.5 million in property taxes for the year if they used the deduction to buy computers for their classrooms.
The deduction allowed to taxpayers for the 2017 tax year is for computers, desktops, laptops, and printers that are used in a classroom, not the ones that are being used in the classroom itself.
Taxpayers can deduct the computer equipment as follows:For a total deduction of up $6 million, taxpayers can claim up to 50% of the cost of computers they purchased for use in the home or office.
Taxes can also be deducted if they were in the habit of using a computer for personal use for more than a month, which is generally limited to one month.
If the taxpayer has no such habit, they can claim the deduction as long as they have used the computer for at least three months and have no other reason to use it.
The total deduction for this year was $4.4 million, which amounts to a deduction of $5,200 for taxpayers who purchased computers for the school.
That’s less than half the $8,200 in taxes taxpayers can deduct for a computer that is being used by their children.