Thursday Thoughts: What Is Section 179 and How Does It Help Me?

November 29, 2018
Thursday Thoughts: What Is Section 179 and How Does It Help Me?

Section 179

Thursday Thoughts: What Is Section 179 and How Does It Help Me?

Do you know what is Section 179? Section 179 is a special tax incentive for buying medical equipment. In 2017, Section 179 allowed medical companies to write about $500,000.00 off on their taxes. Section 179 has doubled to a million dollars. The total cost of equipment that can be put towards this incentive is $2,500,000.00. For more information on this law, please look at the Section 179 website. Click to continue reading more about how Section 179 can help your medical facility.

Section 179 Calculator

We wanted to create a calculator that shows you in real time what you would save depending on how much equipment you purchased, and what you saved depending on your total request. The Section 179 Calculator is a helpful tool in helping plan fiscal budgets for the end of the year as well as next year’s budget.

Types of Capital Medical Equipment

We have many different types of medical equipment that we offer. Soma Technology can outfit surgical centers, operating rooms, emergency rooms, clinics, and most equipments found in physician’s offices. To browse our full list of capital medical equipment, click here. Some of our popular product categories include; ICU Equipment C-arms, ultrasounds, stretchers, surgical tables, anesthesia machines, heart/coolers, NICU equipment, patient monitors, infusion pumps, tourniquets, ventilators, and many more.

Requesting Capital Medical Equipment From Our Sales Team

Our sales representatives are all highly versed in capital medical equipment. We can help with expansion projects, hospitals, clinics, and surgery centers, and DeNovo projects. Click here to find the sales representative that serves your region. Each sales rep can be reached at 1-800-GET-SOMA, or by their direct line. They can also be emailed at [email protected]. Call today, or email for a quote within 24 business hours!

Final Thoughts

Are you interested in taking advantage of this tax incentive? As a reminder, the deadline to engage in this program is December 31st, 2018. Retroactive savings can be made from purchases made after September 2017.

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