Skip To The Main Content

GSLDS Newsroom

Taxes and 179 expensing

Dentists who own and operate practices who have purchased or financed equipment during the calendar year, may elect to take the Section 179 deduction when filing their taxes in order to maximize their savings.

Internal Revenue Service Code Section 179 allows business owners to deduct the purchase price of equipment and/or software put into service during the year. In 2017 the ADA successfully advocated to ensure the dental profession benefits from the tax reform law that passed Congress.

READ MORE
"Local":"GreaterStLouis"