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If your home security system is only used to secure personal property only, it falls under the IRS’ list of nondeductible expenses.
However, if you claim a home office or use your home for a business like a child care facility, you may also be able to claim a portion of your home security system. As with most home office expenses, you must regularly and exclusively use the home office for business. If your home business is a daycare, there are other requirements as the portion of the home doesn’t have to be exclusively used for business.
The IRS states that if you “install a security system that protects all the doors and windows of your home, you can deduct the business part of the expenses you incur to maintain and monitor the system. You also can take a depreciation deduction for the part of the cost of the security system relating to the business use of your home.” Since the tricky part of this is the exclusivity for business, please discuss in detail with your accountant or tax advisor.
Of course our expertise is security and life safety, so please confirm all information in this article with your chosen tax professional!
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Did you know you may qualify for home insurance discounts due to your monitored security system? Check with your home insurance carrier for all the details.
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Locally owned Alarm Engineering has been securing Delmarva since 1985. In that time, we have earned our reputation for integrity, reliability, and quality with our emphasis on superior service to our customers. We know you have choices when it comes to your security system, so here are some things you should know about our team.
Alarm Engineering is leading provider of electronic security systems and services in Delaware and the Eastern Shores of Maryland and Virginia. From integrated home security systems with home automation and video to large enterprise-level integrated systems and small business solutions, our highly trained and professional staff will get the job done right. As an Authorized Alarm.com dealer, we offer exclusive Crash and Smash technology, Geo-Fencing and LiftMaster Garage Control, and the Doorbell Camera as part of our Home Automation offerings.