Can I deduct a computer or laptop that I bought for school?

Created by Shubha Bisht, Modified on Wed, 24 Jan 2024 at 12:42 PM by Shubha Bisht

Usually, the cost of a personal computer is considered a personal expense that's not deductible per the IRS. However, you might be able to make a claim for an education credit (such as the  American Opportunity Tax Credit or the Lifetime Learning Credit) if you require a computer to attend your university.

 

How you intend to deduct the expense may require certain paperwork or meeting specific requirements for that credit. For example, you may need paperwork to not only prove that the purchase was necessary but also to prove it was necessary to purchase it through your school.

 

You can read more about education credits here. Refer to Publication 970, Tax Benefits for Education and Qualified Education Expense for additional details.

 

Additional Resources:

 

This content is provided for informational purposes only and should not be construed as tax, legal, financial, accounting, or other advice. Rules and regulations vary by location and are subject to change, so please consult with an expert if you need advice specific to you.

 

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