How to Deduct Up to 100% of the Value of Your Laser
Get the most out of your aesthetic laser investment this year by taking advantage of your tax benefits.
What Is Section 179?
Section 179 is a tax code for small to medium-sized businesses allowing business owners to deduct the total cost of qualifying equipment for the year.
For aesthetic laser business owners, this means that you can deduct the cost of your laser equipment in the year it is purchased, significantly reducing your tax burdens.
According to the IRS website, in 2024, the maximum amount that a business can deduct is $1,220,000. As long as your total equipment investment does not exceed this amount, your aesthetic laser device is 100% tax deductible – as long as the laser meets the requirements.
Does My Aesthetic Laser Qualify for Section 179?
If your laser purchase falls under these requirements, you qualify for Section 179:
- Your laser must be purchased in 2024.
- Your laser must be put into service (actively used in the business) in 2024.
- The laser can be brand-new or used, as long as it is a tangible asset used in the business.
Maximize Your Investment,
Download Our eBook
Complete the form below to receive a copy of our eBook to learn exactly how purchasing your laser before the end of the year can save you between $36,000 and $150,000+ on the purchase of your laser.
Bonus Depreciation
As an alternative to Section 179, bonus depreciation can be applied to further reduce taxes. While Section 179 applies up to a certain limit, bonus depreciation can apply to qualifying purchases exceeding the Section 179 cap.
Purchasing a laser device before the end of 2024 can help you maximize your investment. After 2024, the bonus depreciation rate will continue to ramp down 20% each year.
Learn more about 2024’s bonus depreciation rate in our downloadable eBook. Fill out the form to get a copy.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional tax advice. Always consult with your tax advisor or financial expert for personalized guidance and to ensure compliance with applicable tax laws.
