I work full time out of state for a company, in which I have to provide my own internet. I do not have enough to itemize my deductions on a schedule A, so I am not able to include this expense in there. I do however have freelance income and loss that I fill in on a schedule c-ez. Is is OK to include my internet bill that is used primarily for my full time job in my itemized losses for my freelance job? And if so, I read somewhere if you have w-2 income, you cannot claim more than 2% of your income in business expenses, would this apply?

Hi there, this is a followup question I had about working freelance and claiming the equipment on my taxes…

I did a little exploring on the web and found a website made simply for Section 179 of the tax code which allows you to deduct equipment that a business (or freelancer) has bought for their business.

I am up for a freelance job working as a videographer. I will definitely have to buy a new HD Camera (which I do not currently own) and a few other things, possibly a new Macintosh computer. I see that computers are covered in Section 179, but not cameras.

What I am planning to do (if I get hired) is to buy this new equipment, and then claim it on my taxes for that year…is it possible with Section 179 that I could possibly get most, if not all of the money back if the equipment is being used specifically for my new job? I am brand new to this and don’t want to make a mistake here claiming it on my taxes, only to be told "sorry" by the government.

So, any tax gurus out there, or freelance people willing to help a new guy out here? Thanks!

T