Many ministers purchase computers to use for their ministry work but also end up using them for home e-mails or other personal purposes. Are you able to deduct the purchase of a computer that is used both for work and for home? The answer is yes, a portion of it can be deductible.
When deducting the cost of a mixed-use computer, you have to consider how much you use it for work and how much you use it for personal purposes. For example, if you use a $500 laptop for work 50% of the time, that means that only half of the $500 is deductible in the year that you purchased it. The personal use portion is not deductible.
You may be asking, how do I determine my percentage of use? This is also a very common question. IRS does not have a single method for doing this, but there are some recommended methods. One easy method is logging your usage for a typical week between business and personal, then use those percentages for the entire year.
Clergy Financial Resources offers several options to help you with your tax questions or filing. Here are two options available.
- Pro Advisor I Tax Support
This support service provides you comprehensive answers to your notice questions. This support service is available at a flat rate of $45.00 for each 30-minutes session.
- Learn More About Tax Services Designed for Clergy
As a specialist within our industry, our annual tax service is uniquely designed and bundled with three valuable services; Clergy Support which provides answers to your questions throughout the year; tax preparation to ensure compliance while minimizing your tax liability; Estimated Payment Support to prevent those unwanted surprises.
- Pro Advisor I Tax Support
Clergy Financial Resources reviews unreimbursed ministry expenses as part of the 1040 review process, to make sure that deductions aren’t missed. If you are looking for someone to prepare your 1040 return, visit our website at https://www.clergyfinancial.com/services/clergy-tax-preparation/
Clergy Financial Resources serves as a resource for clients to help analyze the complexity of clergy tax law, church payroll & HR issues. Our professionals are committed to helping clients stay informed about tax news, developments and trends in various specialty areas.
This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Clergy Financial Resources and the author do not assume responsibility for any individual’s reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique. If you are seeking legal advice, you are encouraged to consult an attorney.
For more information or if you need additional assistance, please use the contact information below.
Clergy Financial Resources
11214 86th Avenue N.
Maple Grove, MN 55369
Tel: (888) 421-0101
Fax: (888) 876-5101