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The IRS allows you to write off certain equipment you use as a business expense. So, if you wish to deduct your iPhone 13 from your taxes, you can do so as long as you use your smartphone mostly for business. The IRS lets you deduct its purchase price and service fees.

Where to deduct your cell phone bills. As a freelancer or independent contractor, the IRS requires you to add Schedule C to your tax return. You'll use this form to report all your business income ? as well as any business expenses you write off, from your home office expenses to your cell phone bill.

While it's great that your Limited Liability Company can cover the cost of your cell phone if it's used for business, you should remember to keep your tax obligations in mind. Only reasonable and necessary expenses can be claimed, and documentation is key to ensuring compliance with tax regulations.

For businesses, telephone expenses are typically considered an operating expense. In financial accounting, telephone expenses are typically reported on the income statement during the period in which they are incurred.

If your business views cell phones as a necessary business expense, then they would likely fall under the category of "communication expenses".

If your mobile phone cost under $300, you can claim a one-off, immediate tax deduction for the business use percentage of the purchase price. If your mobile phone cost more than $300, you can claim the depreciation of your mobile phone over the life of the equipment which is 3 years as per ATO guidelines. 3.

Mobile phones are considered to be fixed assets as they usually last for more than a year.

Where to deduct your cell phone bills. As a freelancer or independent contractor, the IRS requires you to add Schedule C to your tax return. You'll use this form to report all your business income ? as well as any business expenses you write off, from your home office expenses to your cell phone bill.

If your business views cell phones as a necessary business expense, then they would likely fall under the category of "communication expenses".

10 Deductions You Can Claim Without Receipts Home Office Expenses. This is usually the most common expense deducted without receipts. ... Cell Phone Expenses. ... Vehicle Expenses. ... Travel or Business Trips. ... Self-Employment Taxes. ... Self-Employment Retirement Plan Contributions. ... Self-Employed Health Insurance Premiums. ... Educator expenses.