Write Off Entire Lanes with Newly Raised Section 179 Limit

Dec 22, 2015 | Ophthalmic Devices and Equipment

UPDATE: Hooray! Congress voted to increase the Section 179 deduction limit from $25,000 to $500,000. We understand you probably won’t reach the cap. But with huge savings on the line, now’s the perfect time to purchase the equipment you’ve been contemplating. Say, the new camera in combination with a perimeter, autorefractor and two lanes. Call or email us before the end of the year to see how much you can save. 800.255.5929.

We remind you about the benefits of the Section 179 Tax Credit every year. But this example, which shows the impact of purchasing a Haag-Streit’s Octopus 900 perimeter will bring it closer to your wallet. Here’s the math.

Your net corporate income       $200,000

Tax liability (34%)             $68,000

Equipment purchase                $22,950

(Octopus 900 Basic)


Section 179 tax credit                     -$22,950

(Write off entire purchase price)


New tax liability after Section 179      $60,197


Federal tax savings                          $7,803


Net cost of perimeter                        $15,147

As always, we urge you to consult your accountant on all tax matters. But nearly $8,000 in savings will make it worth your while!