Uncle Sam understands that businesses need to stay current with technology. Under Section 179 of the tax code, equipment expenses such as computers, printers, and even company vehicles are tax deductible, up to a certain amount. Depending on the item, you can deduct the full cost on the year of purchase, or split it between several years. Business-related software also qualifies under section 179. Don’t hesitate to get the technology you need to perform necessary business tasks, but be aware of the amount you can deduct under section 179 because it changes yearly. For 2017, the yearly amount if $500,000. Also, if you only have one car, you can’t justify it as purely a business vehicle. The IRS knows you’re using your car for other personal purposes.