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2012 Tax Break-Section 179: Deduct Your EHR Purchase

Published on November 7, 2012 By EHRblogger

Doctors and Administrations: Don’t miss out on your 2012 tax break! The purchase and use of an EHR (server-based solution) during calendar year 2012 may afford your practice tax benefits under Internal Revenue Section 179 and 50% Bonus Depreciation. Making an investment now—taking advantage of financing and tax benefits—makes good business sense. Section 179 allows [...]

2011 Tax Break – Section 179: Fully Deduct Your EHR Purchase

Published on November 10, 2011 By EHRblogger

Doctors and Administrations: Don’t miss out on your 2011 tax break. Internal Revenue Code Section 179 allows you to deduct the full purchase price of equipment—like your EHR software and hardware purchases—from your practice’s gross income. Here’s an example: If your practice is in the combined federal/state tax bracket of 40%, a $350,000 equipment purchase [...]