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Congress Extends 2014 Limits for Section 179 Tax Deduction

Purchase medical equipment before 12/31/14 to take advantage of the extended limit!

The provision under the American Taxpayer Relief Act, meant to aid small and mid-size businesses, has been extended by Congress to include the 2014 tax year in a last-minute vote on Dec. 16.

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.

The Section 179 Deduction was scheduled to decrease from $500,000 to $25,000 for 2014, but the Senate voted Tuesday night to extend the provision, according to Section179.org, a website detailing the finer points of the program.

The site lists Section 179 deductions as defined by the American Taxpayer Relief Act, effective for new and used equipment purchases between Jan. 1, 2014 and December 31:

  • 2014 Deduction Limit = $500,000
  • 2014 Limit on Capital Purchases = $2,000,000
  • 2014 Bonus Depreciation = 50%

There is still time to make quality medical equipment purchases before the year ends. Here at DRE, we’re ready to help you decide which medical devices will best suit your needs and provide them at a low price point.

Don’t miss out on valuable savings this year. For more information on our complete line of medical equipment, or to make a purchase, call 1-800-462-8195 or contact DRE today.

Visit Section179.org to use the convenient deduction calculator and view how much you can add to your bottom line this year.*

Click to download the DRE 2014 Catalog.

*DRE does not endorse any tax filing method and recommends that medical facilities consult a financial adviser to confirm that filing for Section 179 deductions is appropriate.