Robotic Surgery Performed By Doctors

Tax Savings

Using Section 179 with an equipment purchase for your practice may be the most profitable decision you make this year.

Take advantage of amazing tax benefits.*

Buy or finance a piece of qualifying equipment this year, and you could deduct the full purchase price from your gross income during the tax year.

The taxes you save with the deduction will almost always exceed your cash outlay for the year when you combine (i) a properly structured Equipment Finance Agreement with (ii) a full Section 179 deduction.

2024 Deduction Limits

  • $1,220,000 deduction

  • $3,050,000 total equipment purchase

Sample savings scenarios*

Example 1

Example 2

Equipment price

$100,000

$50,000

Section 179 deduction

-$100,000

-$50,000

Remaining depreciable balance

$0

$0

Total depreciation deduction

$100,000

$50,000

Tax savings benefit

$26,000 (26% tax bracket)

$15,000 (30% tax bracket)

Net equipment cost after tax savings

$74,000

$35,000

Sample savings scenarios*

Example 1

    • Equipment price

    • $100,000

    • Section 179 deduction

    • -$100,000

    • Remaining depreciable balance

    • $0

    • Total depreciation deduction

    • $100,000

    • Tax savings benefit

    • $26,000 (26% tax bracket)

    • Net equipment cost after tax savings

    • $74,000

Example 2

    • Equipment price

    • $50,000

    • Section 179 deduction

    • -$50,000

    • Remaining depreciable balance

    • $0

    • Total depreciation deduction

    • $50,000

    • Tax savings benefit

    • $15,000 (30% tax bracket)

    • Net equipment cost after tax savings

    • $35,000

It depends on how much qualifying equipment and software you purchase and put into use this year.

Most tangible business equipment, software and vehicle loans, both new and used, qualify.

Section 179 expires at midnight, December 31. So to take advantage this year, you must buy (or finance) your equipment, and put it into use for your practice by December 31.

*Consult your tax or accounting professional for advice on the correct application and use of Section 179 of the U.S. tax code. All transactions must be credit approved by OnePlace Capital, a division of Bank Midwest, in its sole discretion. Additionally, not all presented payment structures and options may be available to all applicants. 

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