A Section 179 tax deduction could be a win-win. Not only are you investing in your practice with the equipment, technology, and tools needed to become more efficient and provide better care, but you may be also eligible for a tax deduction.
Just a reminder that you can also apply the cost of the RightEye System toward your Section 179 tax deduction limit as long as you purchase the system and put it into use by December 31 st . This bill was enacted through the Tax Cuts and Jobs Act and allows businesses to depreciate 100 percent of the cost of eligible equipment bought or financed. A Section 179 tax deduction may allow a medical practice to take a tax deduction for the cost of qualifying purchases, such as new equipment and technology, in the year it is purchased into service. A Section 179 tax deduction could be a win-win. Not only are you investing in your practice with the equipment, technology, and tools needed to become more efficient and provide better care, but you may be also eligible for a tax deduction. Always check with your tax professional to see if Section 179 is right for your practice. REMINDER: IRS Section 179 Information Save on top of the RightEye Special Discount
EXAMPLE (https://www.section179.org/section_179_calculator/) RightEye Software Package (List Price):
$10,799
Special Year-End Discount:
-$2,159.80 $8,639.20 -$3,779.65 $4,859.55
Package Cost & Total First year Deduction Cash Savings on the purchase (assuming 35% tax bracket)
Cost of System after Tax Savings
SOURCES: https://medicalfinancial.henryschein.com/services/section-179-deduction-for-medical-practices-doctors/#:~:text=The%20Section%20179%20Tax%20Deduction,it%20is%20purchased%20into%20service. https://www.balboacapital.com/section-179/ https://www.investopedia.com/terms/s/section-179.asp https://www.curamedix.com/blog/heres-what-you-should-know-about-section-179 https://www.section179.org/section_179_calculator/ RightEye is not a tax specialist and is showing potential tax savings as an illustration. Information and calculations from the following sources.
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