All Posts In » medical device tax

At DRE, we’re committed to helping your practice find the highest quality medical equipment at the best price — and that includes rolling out some special, end-of-the-year discounts. But act fast, because these great savings won’t last long!

The provision under the American Taxpayer Relief Act, meant to aid small and mid-size businesses, is set to shrink from 2013’s allowance of $500,000 to $25,000 on Dec. 31, 2013.

Medical facilities will get relief on capital equipment purchases in 2012 and 2013. It was previously reported that large decreases in deduction limits and depreciation percentages would take place this year. However, H.R. 8: The American Taxpayer Relief Act of 2012 (the Fiscal Crisis Bill) is now extending these limits.

Medical facilities may want to act on large capital purchases before 2013 when the 2.3 percent tax from the Affordable Care Act goes into effect. Why? Medical device costs may go up, according to a study commissioned by AdvaMed.

Your Section 179 tax deductible benefits are changing in 2013. Section 179 is the tax code that allows medical professionals to deduct the full purchase price of medical equipment from their gross income during a tax year. This deduction is applicable to DRE’s high quality new, used and refurbished medical and surgical equipment.