In late 2015, the Section 179 deduction limit was permanently increased from $25,000 to the former $500,000 limit established in 2014.
Up to $500,000 of qualifying equipment purchases can be 100% deducted in 2016
The Americans with Disabilities Act includes several provisions aimed at making businesses more accessible to people with disabilities. Customers who purchase specific Core Medical Equipment line of Special Needs Adult Changing Tables are often eligible for the Section 44 provision of this tax credit.
The provision reads as follows:
Small Business Tax Credit (Internal Revenue Code Section 44: Disabled Access Credit)
"Small businesses with either $1,000,000 or less in revenue or 30 or fewer full-time employees may take a tax credit of up to $5,000 annually for the cost of providing reasonable accommodations such as sign language interpreters, readers, materials in alternative format (such as Braille or large print), the purchase of adaptive equipment, the modification of existing equipment, or the removal of architectural barriers."
This tax credit is considerable and amounts to nearly half the purchase price of your qualifying equipment, with an overall cap of $5,000 of credit.
3 Steps to Save 50% on Qualifying Models
1. Download the IRS Form 8826 below
2. Send the form to your accountant for discussion and confirmation
3. Purchase qualifying equipment
Download Tax Form 8826 Disabled Access Credit Here
* Core Medical Equipment cannot interpret tax laws or advise anyone on how to make use of the tax codes. Please refer to your accountant or tax advisor for current up-to-date details on tax advantages related to these changes.