medmerid

Did you know that your medical practice can write off the full cost, up to $128,000, of your hardware and software purchases?

You can reduce your taxable income, dollar for dollar, on any amount you spend to upgrade your servers, switch practice management software, or rollout Electronic Medical Records.

If you spend over $128,000, you may still depreciate that overage amount over the next 5 years.

Now is the time.

Your purchases must be made before 12/31/09, and the Tax Code is a ‘use it or lose it’ situation: your eligibility to use Section 179 does not roll over. Congress has made no decisions on whether to extend this benefit past the 2009 tax year.

Read an in-depth explanation of Tax Code Section 179.