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Important Update - Section 179

"Protecting Americans from Tax Hikes Act of 2015" has been passed by Congress - expanding the Section 179 deduction limit to $500,000.

  1. The total amount of equipment a business can write off this year has increased from $25,000 to $500,000.
  2. This is retroactive to January 1, 2015.
  3. To count the write off for this year, physicians need to act by Thursday 12/31/15!
  4. These tax savings apply whether financing, credit, cash or check.
How It Works: Example - $100,000 Purchase

Cost of equipment

$100,000.00

1st year write-offs

• Section 179

$100,000.00

• 50% Bonus depreciation

$0.00

• Normal 1st year depreciation*

$0.00

Total 1st year deduction

$100,000.00

Potential tax savings in 2015**

$35,000.00

Equipment cost after tax savings
year one

$65,000.00

*Based on an expected 5 year asset life
**Tax savings assume a 35% tax rate
For more information, please email sales@medicaldevicedepot.com or call 877-646-3300.