Section 179 Deduction is $1,000,000 for 2018 and beyond - Order now to have equipment in place by year end.
IMPORTANT: The 179 deduction can provide significant tax relief for this tax year. Act now to select and order your equipment, arrange financing if needed and have everything delivered and in place by year end. Having this deduction in place with any time to plan has not happened in years!
Jan 2, 2018 With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.
Partnering with DentalPlanet.com for your equipment investment is a Winning Strategy. We provide dental professionals with an affordable alternative to high priced dental equipment. Specializing in refurbished dental equipment, affordably priced new equipment and digital imaging equipment, we make it possible to realize significant savings.
Strategic equipment investments for your business could significantly reduce your tax liability and cost of ownership.
Section 179 Deduction
What this could mean for your business:
Instead of depreciating a newly acquired asset over several years, the Section 179 deduction allows a business to take a 100% current year deduction of the full purchase amount up to $500,000 limit on capital purchases.
For more information visit Section179.org.
Cost of Equipment:
|Section 179 Deduction||$0|
|50% Bonus Depreciation Deduction||$0|
|Regular First Year Deduction||$0|
|Total First Year Deduction||$0|
|This Year's Potential Tax Savings*||$0|
|Final Equipment Cost||$0|
* The above example assumes a 21% tax bracket on qualifying purchase.
This calculator is for example purposes only. Dental Planet, LLC is not a tax advisor, so please consult your tax advisor for specific details.