Who doesn’t like taking advantage of a tax break? We seem to be looking for them all the time. Whether it’s for your kids or your payroll; you name it, we’ll take it! On that note, time is running out on taking advantage of the Section 179 tax deduction, which allows businesses to deduct up to $139,000.00 of an eligible medical imaging equipment purchase.
If you don’t take advantage of this deduction before January 1, 2013 (which is less than 40 days away!) you will be missing out on $114,000.00 in deductions.
No joke. After January 1, 2013 the maximum deduction drops to a mere $25,000.00!
Here is an example from the IRS website to help put your possible savings into perspective:
The IRS website also provides a helpful list of qualifying equipment.
Don’t be the one standing in front of your MRI or CT thinking, “How did I miss out on the opportunity to upgrade my equipment?” Contact us today to discuss your upgrade options and how you can benefit from this deduction while there's still time.