Did you know…when you purchase computer servers, PCs, monitors, and other computer equipment for your healthcare organization you are eligible for tax deductions? If you are considering any upcoming IT projects, now may be an excellent time to purchase your medical office’s equipment and take advantage of up to $500,000 in tax deductions…and MTS can help.
Section 179 Deductions
Section 179 of the IRS Tax Code was enacted to help small businesses by allowing them to take a depreciation deduction for certain assets (capital expenditures) in one year, rather than depreciating them over a longer period of time. Because we recognize that computers have a short lifetime or useful life (about 2-3 years under most use case scenarios), there is obvious benefit to taking the full deduction for the cost of the purchased equipment immediately, rather than being required to spread out the deduction over the items’ useful life.
The IRS imposes limits on Section 179 deductions: for 2017, you can deduct up to $500,000 using the Section 179 deduction, as long as you spend no more than $2 million on capital purchases for your business.
Your time to purchase and begin using new equipment to qualify for a 2017 Section 179 deduction is limited…contact MTS for a quote today!
Call 877-687-1222, or email firstname.lastname@example.org.
Disclaimer: Section 179 deductions are complicated. The information presented is not intended to be tax or legal advice. Each business situation is different and tax regulations change frequently. Please consult your tax professional before buying property with the intent to take a Section 179 deduction.