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2013 Tax Incentives

Three Months Left To Take Advantage of 2013 Tax Incentives

Last year, significant changes were made to the Section 179 Tax Deduction that made it possible for medical practices to add valuable diagnostic imaging equipment capacity while enjoying attractive tax benefits. Now that we’re in September, you have a little more than 100 days to take advantage of this deduction. Here’s what you need to know:

Up to $500,000 in Equipment Purchases Can Be Written Off

In previous years, the IRS allowed business filers – including medical practices – to deduct $139,000 of equipment purchases annually through the Section 179 Deduction. In 2013, they increased the limit significantly to $500,000, as part of a package of tax reforms designed to stimulate business growth.

Medical Diagnostic Imaging Equipment Qualifies for the Section 179 Deduction

The IRS allows any equipment purchased for business use to be deducted under Section 179. For the medical practice, this includes the most popular diagnostic imaging equipment, including C-Arms, Mini C-Arms, Portable X-Rays, Ultrasounds, CT Scanners, Mammography, and more.

Deduct Medical Diagnostic Imaging Equipment You’ve Purchased or are Leasing To Own

Make the most out of your equipment budget by selecting used medical diagnostic imaging equipment. Section 179 applies to equipment you’ve purchased or are acquiring through a lease-to-own agreement. At Bluestone Diagnostics, we offer a range of flexible financing options to make it easy to get the diagnostic imaging capacity you need at a price you can afford.

To Qualify, You Must Make Your Purchase Before December 31, 2013

The parameters of Section 179 as it currently stands apply only to equipment purchased on or after January 1, 2013 and on or before December 31, 2013.
Time is Running Out!

There’s no guarantee that the Section 179 Deduction cap will remain at $500,000 going forward. Section 179 can change each year without notice, it has even changed mid-year, so it benefits you to take advantage of this generous tax code while it’s available.

Section 179 offers small businesses a great opportunity to maximize purchasing power. We want to make sure that all of our customers know how to take truly benefit from Section 179. If you’d like to learn more about how now is the time to pick the best refurbished diagnostic imaging equipment for your practice, give us a call. You’ll be glad you did.

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