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Section 179 Tax Deduction for Medical Equipment Expenses in 2011

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section 179 deduction medical expenseThe 4th quarter of the calendar year is here and I think we can pretty much agree that medical imaging equipment purchases must be placed, for the most part, by November 15th in order to insure installation by year-end. This means that you only have 30-45 days to take advantage of the 2011 Section 179 tax deduction for medical equipment expenses!

Section 179 in 2011 vs. 2012

  • The Section 179 deduction is going to be reduced from $500,000 in 2011 to $125,000 in 2012 with a complete phase out at $625,000 in accumulated purchases!
  • Qualified Leasehold Improvements provided for under the Section 179 deduction will not be available in 2012.
  • The Bonus Depreciation (new equipment only) is being reduced from 100% in 2011 to 50% in 2012. 

What Does This Mean?

Take advantage by buying your equipment now. The available tax incentives will, in most cases, dramatically reduce how much the medical practice and its principals pay in federal income tax for 2011, which in turn also reduces the quarterly estimated income tax payments with the final payment due January 18, 2012.

If you are interested in taking advantage of the current tax incentive, contact us to buy now.

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Thanks to Dex Dean of Coastal Leasing

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