Hci Fitness - ADA TAX CREDIT Adaptive Equipment
ADA TAX CREDIT
SAVE UP TO $5,000 ON YOUR PURCHASE!
Lojer Manuthera242 Electronic Therapy Table (Electronic Height Adjustment)
PhysioMax Total Body Trainer (Removable Seat for Wheelchair Access)
PhysioStep PRO (Removable Seat for Wheelchair Access)
PhysioGait (Unweighting Support System)
MOTOmed
MotoMAX (Removable Seat for Wheelchair Access)
PhysioTrainer PRO DUO (Removable Seat for Wheelchair Access)
PhysioTrainer and UBE Tables (Removable Seat for Wheelchair Access)
Under Small Business Tax Credit IRS Code Section 44, The Americans with Disabilities Act (ADA) allows you to apply a credit of 50% of your purchase amount, up to $10,250 (maximum credit of $5,000) for qualifying equipment, to offset the cost of purchasing certain adaptive equipment. The Disabled Access Credit is equal to 50% of the “eligible access expenditures” which exceeds $250 but does not exceed $10,250, for a maximum credit of $5,000 a year.
Please check with your tax professional for details. Do you have:
· Total revenues of $1,000,000 or less in the previous tax year
· OR less than 31 full-time employees?
Want to learn more about how you can save on equipment purchases? Download the ADA Form 8826.
TAX CREDIT EXAMPLE:
The Lojer Manuthera242 Treatment Table can be used for a tax credit because it allows easier access for patients with disabilities using electronic elevation and tilt adjustment. Lojer Maunthera 242 table with shipping that totals $13,394. We will subtract $250 because the “eligible access expenditure” must exceed $250, leaving a balance of $13,144, which when multiplied by 50% results $6,572. The maximum Tax Credit is $5,000. Net cost of $8,144.
Purchase Price + Shipping: | $13,394 |
Eligible Access Expenditure: | - $250.00 |
Subtotal: | $13,144 |
50% Tax Credit: | - $5,000 |
Net Cost after ADA Tax Credit: | $8,144 |
SAVE EVEN MORE WITH 179 TAX DEPRECIATION DEDUCTION:
In addition to the ADA Tax Credit, you can deduct the balance in depreciation over the table’s tax code economic life or utilize the Section 179 expensing deduction.
Purchase Price: | $13,394 | |
Less ADA Tax Credit: | - $5,000 | |
Remaining Depreciable Basis: | $8,144 | |
Depreciation Deduction* @ 25%: | - $2,036 |
*Assumes 25% tax rate. |
Net Cost after ADA credit & Depreciation: | $6,108 |
Shipping
Oversized items ship LTL Freight Truck into your garage or to a flat pallet jack accessible area.
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