To keep up with the changing technology of the medical field, you’re going to want to upgrade the equipment in your office often. To make it worthwhile for you to do that as a physician running a practice, the IRS has provided something called Section 179. This tax code allows business owners of all kinds to deduct qualifying equipment from their taxes instead of depreciating the value of the equipment and software they currently own. There are specified maximum amounts each year that can be deducted. There may also be bonus depreciation included available for new equipment purchased once the spending cap is reached.

Although the tax code changed each year, it’s certainly worth your while to upgrade the medical equipment that you see needs updating in your practice. By staying within the guidelines set each year by the IRS and assessing the needs of your individual practice, you can work with a company like Booth Medical Equipment to get the highest quality products that will deliver the best care to your patients. Contact us today with any questions you may have about our vast array of medical equipment.