By Brian Nadel (June 24, 2004; updated December 13, 2005)
Lusting after the latest technology, from plasma TVs to razor-thin laptops, is one thing. Paying for it is quite another. If you've pondered selling your second car to fund your tech habit, consider this well-kept secret of the digital world: you don't always have to pay full price. If you have a job, Uncle Sam is kind enough to offer a tech discount of sorts.
It's true: If you're a small-business owner, the Internal Revenue Service can help you buy a computer, a TV, and even an MP3 player by letting you deduct the cost as a work-related expense. If you know how to deduct, and how to deduct legally, it's like having everything on sale 24/7, with up to 35 percent off. Far from cheating on your taxes, this is a legitimate and above-board technique that millions use every year. You just have to know how to ask for it, pick your products carefully, and justify the purchase.
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Laptops and handhelds
Travel light with a superslim notebook and a handheld computer to get your work done anywhere--and play games or watch DVDs afterward.
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Cell and cordless phones
You'll have to make calls for work, right? Write off your wireless.
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Hybrid cars
If low emissions and fuel consumption don't sway you toward a hybrid, the tax incentives might.
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Camcorders and digital cameras
Document your inventory, add video to your PowerPoint shows, and help make your child's first music video on the weekend.
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Networking gear and Internet services
You'll need the Internet to get any work done. And at the end of the day, you can surf off the stress.
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MP3 players
Document your business deals with an MP3 player that records voice, then after hours, listen to some tunes.
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GPS units
Whether you're on a business trip or hiking with the family, it's good to know where you stand.
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Travel bags, software, and accessories
All of your tech items require batteries, flash cards, cables, and transportation. Protect your gear with the right bag.
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TVs and projectors
Work in advertising or video production? A big-screen TV or projector to view demo tapes and DVDs at home may be your ticket to a Super Bowl party next year.
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Digital video recorders
Never miss another job-related TV show. Digitally record them with a personal video recorder, such as TiVo, then watch Days of Our Lives when you get home.
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Burners and hard drives
Back up your PC and save large chunks of data, as well as the occasional music CD.
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