Sensible Solutions for Refurbished Radiology

Beating the Tax Man with Section 179: Medical Imaging Equipment

Posted by Vikki Harmonay on Wed, Oct 7, 2015 @ 12:10 PM

Benjamin Franklin said it best. “In this world nothing can be said to be certain, except death and taxes.”

But in reality, it dates back further, to Daniel Defoe in 1726, when he wrote in The Political History of the Section_179_Tax_Break 4uDevil “This as certain as death and taxes, can be more firmly believed.”

Well, if you want to end up beating the Tax Man out of some of your hard-earned dollars, now is the time to buy medical imaging equipment for your practice, clinic, hospital.  

Currently, the 1079 deduction is $25,000 for qualified equipment purchases between $25,000 and $200,000 that are delivered and installed by December 31, 2015.

This means, assuming a 35% tax bracket, a $25,000 deduction will save you $8,750 in addition to the depreciation you are already entitled to.

But before you get all excited about Section 179 and ask, “Well, then how much will I save if I spend even more?”—the tax code with all of its squirrely wisdom actually REDUCES dollar-for-dollar as you spend over $200,000. A $205,000 purchase will get a $20,000 deduction, a $220,000 purchase a $5,000 deduction…..until the deduction vanishes at $225,000.

The 2015 Version of the Section 179 tax deduction is perfectly designed to provide you with substantial savings in the lower cost product modalities such as C-Arms, Digital Mammography, Digital Radiographic Rooms, or even CT Scanners.

Let’s focus on the good stuff.  This particular tax law doesn’t differentiate between NEW medical imaging equipment and REFURBISHED medical imaging systems.  And frankly, since you can get way more bang for your buck buying refurbished systems—and still enjoy great warranties and service—now is the time to act.  But quickly.  After all, it takes time to get your budget approved, prepare your site, ship the equipment and install it.  And the great news is, the experts at Atlantis Worldwide probably have a great solution for you, readily available—especially if you are in the market for C-arms, digital mammography systems and CTs. 

Now, before you think, “Yeah, but I can wait until next year and still get the tax break”—don’t count on it.  Those wacky folks at the IRS tend to change the Section 179 tax break standards from year to year, and usually NOT in your favor. 

As the proverb says, “A bird in the hand is worth two in the bush.” And while the origins referred to falconry, in today’s world, it just as easily applies to medical imaging equipment.

To view the specifics about Section 179 visit http://www.section179.org/section_179_deduction.html

For more information contact Jeff Weiss at 212-366-9100 or jeffweiss@atlantisworldwide.com

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About the author: Vikki Harmonay

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Topics: Buying Imaging Equipment, Imaging Equipment Solutions