DentalWriter Forum

Your central resource for DentalWriter posts, blogs, training resources, faq's, and more.

Notification

Icon
Error

New Topic Post Reply
courtneydsnow
#1 Posted : Thursday, November 7, 2013 9:01:54 AM(UTC)
Quote
courtneydsnow

Rank: Administration

Joined: 11/21/2012(UTC)
Posts: 1,611

Thanks: 39 times
Was thanked: 51 time(s) in 51 post(s)
Great information about 2013 & 2014 tax deductions for practices for purchases of software & equipment!

IRS Section 179 Deduction Limits:
2013 Limit is $500,000.00
2014 Limit is dropping to $25,000.00

What this means?
Practices who purchased software/equipment in 2013 are able to deduct the full amount on their taxes. The limit for 2013 is set at $500,000, so practices are able to deduct software and any other equipment they’ve purchased in 2013 as long as it doesn’t exceed $500,000.

What about 2014?
Starting in 2014, that deduction amount will drop to $25,000.
Quick Reply Show Quick Reply
New Topic Post Reply
Forum Jump  
You can post new topics in this forum.
You can reply to topics in this forum.
You can delete your posts in this forum.
You can edit your posts in this forum.
You cannot create polls in this forum.
You can vote in polls in this forum.