Smart equipment purchases do double duty: they enhance patient care while creating powerful tax advantages. But timing and structure matter more than you might think.

Current tax law offers unprecedented opportunities for medical professionals to deduct equipment purchases. Between Section 179 expensing and bonus depreciation, you can potentially deduct the full cost of qualifying equipment in the year of purchase.

However, the key is strategic timing. Consider your current and projected income levels, cash flow patterns, and practice needs. Sometimes, spreading deductions across multiple years proves more beneficial than taking them all at once.

Also, consider financing options carefully. Structure can impact both your tax benefits and cash flow. The right approach balances immediate tax advantages with long-term financial stability.

Want to maximize both patient care and tax benefits? Let’s create an equipment acquisition strategy that serves both goals.
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By Carly Lewis

*Carly Lewis is the founder and CEO of Iconic Tax Pro, where she specializes in helping medical professionals optimize their equipment purchases for maximum tax advantage while enhancing patient care.