Section 179 Tax Incentive Helps Practice Owners Save Money

For the 2022 tax year, the US Senate Finance Committee has extended Section 179, one of the biggest small business tax deductions available for purchasing and leasing equipment or software.

We’ve explained in the past how to leverage small business tax benefits with Section 179 in the past and the great news is that you can still use this big advantage in 2022!

What this Deduction Means for Private Practice Owners:

The Section 179 deduction can have a substantial impact on your finances. You can write off all the qualifying business equipment or software you purchase for the 2022 tax year. Since being introduced in 2015, this deduction has continued to improve and now allows for a maximum deduction of $1,080,000 with a phase-out threshold of over $2.5M. 

The Section 179 law allows for a depreciation percentage of 100% for qualified property acquired and placed in service. No longer do you have to write off a little at a time – you can write off the entire equipment purchase price for the year you purchased it! 

The Purpose of Section 179 Tax Incentive for Small Businesses

The entire impetus behind this incredible tax incentive is to grow the American economy and help move your business in a positive direction. By motivating you to grow your business and invest in yourself, you can save money while the tax incentive is still active. 

Plus, now qualified nonresidential real property improvements qualify under Section 179 including improvements to the interior and exterior or adding an HVAC, fire or security system. 

How NeuPTtech Clients Benefit from Section 179’s Tax Deduction

Physical therapy practices are the perfect use case of Section 179 because they often need to make improvements to the clinic design and patient services being offered. For PT owners purchasing a NEUBIE device, HRV system, air purification system or modern gym solution it can practically cut the cost in half.

For example, a NEUBIE purchase’s first year deduction could shave over $6,000 off your total purchase price. It’s truly a game-changing tax saving for small businesses. 

<SEE FOR YOURSELF: Check out this Section 179 calculator to see how much money you can save off equipment purchases.>

Act Fast to Take Advantage of These Savings!

As of this publishing, Section 179 tax benefits are not guaranteed for the 2023 tax year, so be sure to take advantage of this incredible tax incentive while you can.

If you’re on the fence about the right timing to add the NEUBIE to your clinic – the answer is yesterday! For the rest of the year, the NeuPTtech team is standing by to answer any questions you may have and ensure you receive the best pricing and incentives available on any purchase for your private practice. 

Visit the NeuPTtech Shop or contact the team to learn more about how to get started!

Disclaimer: NeuPTtech is not a tax professional and this blog is not intended to provide professional accounting advice. We recommend checking with your accountant or tax team to learn the best ways that Section 179 can benefit your business.

NEUBIE ROI Assessment from NeuPTtech
Jason Waz
Jason Waz has always been a pioneer in the use of technology in Physical Therapy. It's what led him to found his company, NeuPT Technologies with his mission to bring the field of PT into the next generation through science, research and innovation. The NEUBIE device is the flagship product that was the inspiration for the company. As a “blue ocean” product, it has untapped potential in the PT marketplace. The positive effects the electrical stimulation device has had on every patient it has touched has paved a path for innovation awards in the near future and incredible patient outcomes in the meantime.  From a personal business growth standpoint, when Jason added this technology to his business, it increased revenue to record levels every single month with an improvement of over 56% compared to the prior 5 year average. Additionally, cash pay increased more than 200% over the same time period. This same growth has been proven to be achievable by any practice that adopts this technology. Interested in getting similar results? Let's chat!

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The content in this training course is the intellectual property of NeuPT Tech and its affiliates and may not be shared or distributed in any way without the expressed written consent of NeuPT Tech.

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Terms and Conditions

When you purchase a NEUBIE machine from NeuPTtech, you are given one year of access from the date of NEUBIE delivery for NeuPTtech’s exclusive virtual NEUBIE training programs:

NEUBIE: Introduction for the Physical Therapist
NEUBIE: Practical Application & Quick Start Protocols for the Physical Therapist

For every NEUBIE purchased from NeuPTtech, the buyer will be allowed 5 complimentary user accounts for both virtual NEUBIE training programs. This allows 5 staff members to receive 12 CEUs each, which represents a $5,000 value.

Additional user accounts can be purchased as needed in groups of 5 for $1,500 (a $3,500 savings).

Please note: For each additional NEUBIE purchased, 5 complimentary user accounts will be provided. For example, 3 NEUBIEs will receive 15 total user accounts.

All user accounts expire one year from the date of purchase.

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