It’s barely Pumpkin Spice Latte season, but that doesn’t mean it’s too early to consider the tax savings of a 2015 equipment purchase.
Section 179 allows your practice to write off the full purchase price of financed or leased equipment in the current tax year. This year’s limit is $25,000, and the equipment must be purchased and put into service by December 31.
How much can you save? On a $25,000 equipment purchase, a Section 179 deduction lowers the true cost to $16,250. That’s nearly $9,000 back. Use this handy calculator to see exactly how much you’ll save on different prices.
On the fence about buying that new Aladdin optical biometer? Think big tax savings. Questions about Section 179 or the cost of equipment? Give us a call. We’d love to help. 1-800-255-5929.