Can Handymen Deduct Their Tools and Equipment?

Yes — tools and equipment bought to complete paying jobs are deductible for independent handymen, but how you deduct them depends on the cost: smaller tools are typically written off right away, while bigger equipment may be deducted over time or all at once under certain IRS rules. Everyday tools like drills, saws, ladders, and hand tool sets are usually deducted in full the year you buy them, since they're relatively inexpensive and used up over normal wear and tear. Larger purchases, like...