Section 179 Deduction of Medical Equipment

What is section 179?

Section 179 of the Internal Revenue Service (IRS) tax code states that businesses can deduct the cost of property, machinery, and equipment as an expense (IR-2018-257). Most business owners know the section 179 deduction for vehicles, but this applies to other types of equipment used in a trade, such as medical equipment. Equipment financed also qualifies under the section 179 deduction and can sometimes be the most profitable option for businesses.

The IRS Section 179 deduction allows you to take the depreciation deduction for qualifying business assets in their first year. Our partner, Marlin Capital Solutions, has some further information and a convenient tax savings calculator you can find on their website.

How can MFI Medical help me with section 179?

MFI Medical sells new and certified refurbished medical equipment that qualifies under section 179. MFI Medical has access to top-of-the-line products direct from reputable brands as well as an in-house team of engineers. Our team is trained to refurbish equipment to factory specifications which allows MFI Medical to offer customers the option to save money and maximize their budget. Investing in equipment for your practice or business can provide tax benefits in the long run. If you purchased equipment from MFI Medical and require copies of any invoices for your tax preparer, please contact your account manager or log in to your online account and click on "Orders". We recommend you contact your preferred business tax professional for further questions about your personal tax situation.

If you are looking to finance, our partner, Marlin Capital Solutions, offers flexible terms and an easy-to-use online application that makes the entire process seamless. Find out if you qualify today by filling out Marlin's short online application. You can find MFI Medical representatives' contact information on the application as well if you have further questions about financing your medical equipment.