[Grimburger]

> That's 45% off (our top marginal tax rate)

Can people please not listen to this terrible advice that gets repeated so oft, especially in Australian IT circles somehow by young naive folks.

You really need to talk to your accountant here.

It's probably under 25% in deduction at double the median wage, little bit over @ triple, and that's *only* if you are using the device entirely for work, as in it sits in an office and nowhere else, if you are using it personally you open yourself up to all sorts of drama if and when the ATO ever decides to audit you for making a $6k AUD claim for a computing device beyond what you normally to use to do your job.

[killingtime74]

My work is entirely from home. I happen to also be an ex lawyer, quite familiar with deduction rules and not altogether young. Can you explain why you think it's not 45% off? Ive deducted thousands in AI related work expenses over the years.

Even if what you are saying is correct, the discount is just lower. This is compared to no discount on compute/GPU rental unless your company purchases it.

[lukeh]

Also, you can only deduct it in a single financial year if you are eligible for the Instant asset write-off program.

I'm sure I'll get downvoted for this, but this common misunderstanding about tax deductions does remind me of a certain Seinfeld episode :)

Kramer: It's just a write off for them

Jerry: How is it a write off?

Kramer: They just write it off

Jerry: Write it off what?

Kramer: Jerry all these big companies they write off everything

Jerry: You don't even know what a write off is

Kramer: Do you?

Jerry: No. I don't

Kramer: But they do and they are the ones writing it off

[killingtime74]

Correct. You can deduct over multiple years, so you do get the same amount back.