Navigation Links
Economic Stimulus Act Can Improve Medical Equipment Purchasing Power
Date:7/9/2008

DRE, Inc., a premier international surgical and medical equipment supplier, reminds its customers that as much as $250,000 in medical equipment can be immediately deducted on 2008 income tax filings.

Louisville, KY (PRWEB) July 9, 2008 -- The Economic Stimulus Act of 2008, in accordance with Tax Code Section 179, can strengthen buying power of new medical equipment bought in 2008. This could make 2008 an attractive year for medical facilities to purchase medical equipment, according to Tim Jarm, Chief Operating Officer of DRE, Inc.

"For the 2008 income tax filing, a medical facility can utilize Section 179 to deduct the full purchase price of as much as $250,000 in medical equipment from their taxable income," says Jarm. "This is almost twice the amount that could be deducted the previous year, and potentially makes 2008 an ideal year to invest in new equipment."

In addition to having an increased deductable limit, Section 179 can also allow medical facilities to take advantage of a one time 50% depreciation bonus on equipment purchases beyond the deductible limit. Many medical facilities that purchase new equipment from DRE may be able to take advantage of Section 179 expensing. Equipment sold by DRE that could be eligible for Section 179 deductions includes anesthesia machines such as the DRE Integra AV-S, operating room lights such as the DRE Maxx Luxx II, and vital signs monitors such as the DRE Waveline Plus.

DRE acknowledges that filing for Section 179 deductions requires planning. DRE does not endorse any tax filing method and recommends that medical facilities consult a financial adviser to confirm that filing for Section 179 deductions is appropriate.

Overview of Section 179
Section 179 can allow medical facilities to deduct from taxable income the total cost of medical equipment -- such as operating tables, monitors and defibrillators -- purchased and put into service this year. In 2008, with increases created by the Economic Stimulus Act, medical facilities can deduct the full purchase price of up to $250,000 in medical equipment, almost double the deductible amount allowed in 2007.

Medical purchases beyond the deductible limit may also be depreciated. Medical facilities that purchase equipment in 2008 may be able to depreciate 50% of costs for the first year of the equipment's use.
Limits apply to Section 179. Medical facilities interested in taking advantage of Section 179 should consult a financial advisor for further details.

About DRE Inc.:
DRE is a premier medical and surgical equipment supplier that provides a combination of new and professionally refurbished or used medical equipment to industry professionals around the globe. DRE offers value to doctors by providing the features and reliability they need while still fitting within their budget.

###


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. Neusoft Becomes First Global Growth Company Partner of World Economic Forum
2. McKesson Corporation CEO to Address the Detroit Economic Club on Preserving Our Healthcare System and Improving Quality of Life
3. Research!America Honors Univ. of Chicago Economists for Study Showing Economic Impact of HIV/AIDS Drug Development
4. AHRQ Expands Therapeutics Education and Research Centers and Adds New Topics: Health IT, Economics, Formularies
5. MedImmune presents new pharmaco-economic data at AAP regarding infants at high risk for RSV
6. Economic motivation may affect how often some physicians order imaging studies
7. BioElectronics Corporation Receives 2007 Economic Development Innovator of the Year Award
8. Through-Wave Ultrasound: Effective, Economical and Ideal for Breast Imaging, Biopsy
9. MedPAC Again Fails to Evaluate Overall Economic Conditions in Assessing SNF Funding Requirements
10. Skatepark injuries can incur economic pain
11. AARP Calls New EEOC Policy A Civil Rights and Economic Fiasco
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Global Healthcare ... scenic Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare ... activity. The fun run is geared towards children of all ages; it is ...
(Date:10/13/2017)... ... 13, 2017 , ... “America On The Brink”: the Christian history of the ... is the creation of published author, William Nowers. Captain Nowers and his wife, ... he spent thirty years in the Navy. Following his career as a naval ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ... the introduction of an innovative new design of the shoulder pad. The shoulder ... maximum comfort while controlling your pain while using cold therapy. By utilizing ice and ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards luncheon ... editorial and design excellence across a range of sectors. This year’s program included the ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... of $3,296 in property taxes a year. In some states—like New York, New ... , By contrast, many overseas retirement havens have extremely low property-tax rates, which ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)...  As the latest Obamacare repeal effort moves is ... (R-LA) and Lindsey Graham (R-SC) medical device ... industry is in an odd place.  The industry wants ... tax on medical device sales passed along with the ... increased visits and hospital customers with the funding to ...
(Date:9/18/2017)... , Sept. 18, 2017  PMD Healthcare of ... Pharmacy of Kalamazoo, Mich. , have ... service that expedites and streamlines patient and provider access ... 2.0, and wellness management services.  ... used to measure lung function for a variety of ...
(Date:9/12/2017)... -- Consumer reviews on the independent review site Consumer Affairs ... for hearing aids, ranking it higher than Miracle Ear ™, ... ... Hearing Aids ... store that provides high performance, state-of-the-art, German-engineered hearing aids directly to ...
Breaking Medicine Technology: