50% Tax Credit
50% Handicap Access Credit Tax
NEW Elevation Tables, Hylo Tables or Hylo Tables That Qualify - Click Here
Refurbished Hylo Tables That Qualify - Click Here
Refurbished Elevation Tables That Qualify - Click Here
Refurbished Hylo & Elevation Tables That Qualify - Click Here
The term “eligible access expenditures” means amounts paid or incurred by an eligible small business for the purpose of enabling such eligible small business to comply with applicable requirements under the Americans with Disabilities Act of 1990.Chiropractic Tables that elevate and Chiropractic Hylo tables typically qualify for this credit. Always check with your accountant concerning the application of this credit. Section 179 — Special Depreciation RuleSection 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualified equipment, you can deduct the full purchase price from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Under Section 179, you can write off up to $500,000 of qualified equipment during tax session.
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Financial Calculation SimulationU.S. Government Tax Credits For Your Advantage
Section 44 — (ADA) Disabled Access CreditDisabled access credit is for eligible small businesses that elect to apply a credit against their income tax for 50% of the amount of the eligible expenditure for the tax year that is over $250 and not more than $10,250. Thus, the maximum amount of the credit is $5,000.
The term “eligible access expenditures” means amounts paid or incurred by an eligible small business for the purpose of enabling such eligible small business to comply with applicable requirements under the Americans with Disabilities Act of 1990. Tables that elevate and High Low (HyLo) tables typically qualify for this credit. Always check with your accountant concerning the application of this credit. Section 179 — Special Depreciation RuleSection 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualified equipment, you can deduct the full purchase price from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Under Section 179, you can write off up to $500,000 of qualified equipment during tax session.
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.
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* Please refer to your tax advisor for current up-to-date details on tax advantages including the example listed above. ScripHessco cannot advise anyone how to utilize or interpret the tax codes. However, we can make you aware of the new codes
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