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Disabled Access Credit Tax

Financial Calculation Simulation

 New 179 Credit Info for 2016

The Biggest part of last year,  the Section 179 limit was $25,000. That was until late December, when Congress reinstated the $500,000 limit from 2014. Businesses would have purchased more equipment if they knew EARLIER that the limit was going to end up being $500,000. Thankfully, Congress Made the $500,000 ANNUAL Section 179 expense limit permanent.  Businesses don’t have to wait until the end of 2016 to know how much equipment they can deduct. Rather than wait until the end of the year, businesses should consider making Qualifying Section 179 purchases* NOW, knowing that the tax deduction is secure and knowing they’ll be able to create incremental revenue with that equipment all year.

Up to $500,000 of Qualifying Equipment Purchases can be 100% deducted in 2016

 

50% Disabled Access Credit Tax Example*



An example is provided on how you can save money by the sale of your existing equipment and taking advantage of the ADA tax credit.

 

  Section 44 Disabled Access Credit Section 179 Expense Election
Purchase Price $12,500 $12,500
IRS "Floor" -$250  
Eligible Cost $12,250
Maximum Credit $10,000
Smaller of Purchase Price or Maximum Credit $10,000
Disabled Access Credit Percentage 50%
Disabled Access Credit $5,000
 
 
Remaining Tax Basis $7,500
Section 179 Expense Election Saves (assumes 35% Tax Rate) $2,625 $4,375
 
 
 
Net, After Tax Cost of New Equipment Purchase price less Disabled Access Credit and Section 179 Deprication Savings $4,875 $8,125
     

 

* Please refer to your tax advisor for current up-to-date details on tax advantages including the example listed above. Acces Equipment Corp cannot begin to interpret tax laws or advise anyone how to utilize the tax codes. However, we can make you aware of the new codes and provide a copy of these codes upon request. 

 Tables Purchases can be a New or Used Elevation, Hylo, or Elevation & Hylo Tables to Qualify for the Tax credit. To visit the IRS website and get the Rules and actual Form Click Below

 

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Refurbished Elevation Tables That Qualify - Click Here

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Refurbished Hylo Tables That Qualify - Click Here
 

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