Section 179: Tax Savings on New Dental Equipment

Section 179: Tax Savings on New Dental Equipment

One of the single most impactful ways to grow your dental practice is by investing in new dental equipment. Doctors who invest in the latest technology are amazed by how dramatically it transforms the way they practice. They are able to see and treat dental pathology they were missing for years using outdated equipment. They feel confident and secure that they are truly able to provide the highest level of care and treatment available to their patients.

Dr. Russell Mann on Investing in CBCT

Whenever I am talking to doctors about growing their practices and improving the quality of care they can provide their patients by investing in new dental equipment I always remind them of section 179 of the tax code. This rule allows a small business owner to deduct a significant portion of their investment in new equipment and software for that fiscal year.

To benefit from this deduction for tax year 2017, the equipment can be financed or purchased and must be put into service between January 1, 2017 and the end of the day on December 31, 2017. The cap on the investment can change from year to year and the cap this year is $510,000 and the percentage of the deduction on this investment can be between 35%-50%. In other words if you were to buy $100,000 of new equipment before the end of this year you could potentially deduct $35,000 from your taxable income for 2017.

There is still time to take advantage in 2017 of the tax deduction available to you on the investment you make in dental equipment for your practice! I am available to help you customize an equipment package that will fit your budget and the growth goals you have in mind. You can use this calculator provided by Section179.org to calculate the savings you would recoup on the cost of your investment in 2017.

There is still plenty of time between now and the end of the year to assess your equipment needs including state of the art Solea All Tissue Dental Laser and  Dentsply Sirona 3D CBCT Imaging Systems

I have the experience and insight to help you evaluate key elements necessary to optimize the outcome of your investment. Please take a moment to view equipment options and read testimonials from doctors about practice growth goals I have helped them achieve. Let’s meet to discuss ways we can work together to build the successful modern dental practice of your dreams.