Your practice could save thousands of dollars1 when you purchase ADA-compliant equipment.
An eligible practice may elect to apply a credit against income tax. The credit is equal to 50% of the chair(s)’ purchase price that is over $250 and not more than $10,250. Thus, the maximum one-time ADA tax credit available per year is $5000. In addition, the practice may deduct an accelerated depreciation from Section 179. Input your chair cost and tax bracket below to estimate your final chair cost.
Do you qualify?
To qualify for the ADA Tax, the practice must meet at least one of the following qualifications:
- 1 Annual gross reciepts of the practice are less than $1,000,000.
- 2 The practice employes less than 30 full-time employees the year before the taxable year in which the credit is elected.
HHS and DOJ have adopted ADA-standards for Exam Chairs
The U.S. Department of Health and Human Services (“HHS”) and the U.S. Department of Justice (“DOJ”) issued final rulings requiring medical and dental offices, clinics, emergency rooms, hospitals, and other healthcare settings, to comply with the 2017 U.S. Access Board’s Standards for Accessible Medical Diagnostic Equipment (the “Standards”), such as your examination chairs.2 You can learn more about what this means and how you can stay compliant here.