Understanding EMR and Practice Management Software Tax Benefits

Section 179 of the United States tax code allows businesses to deduct the full purchase price of qualifying software purchased during the tax year. This means that practices which purhcase electronic medical record or practice management software can deduct the full purchase price from their gross income.

This is an important incentive and just one more reason that an investment in EMR and PM software makes sense. The deduction is available to encourage businesses, including medical practices, to invest in software that can improve the overall function of the enterprise and increase overall economic activity

Typically, businesses that buy certain types of equipment or software can write-off their purchase a little bit at a time. However, Section 179 allows businesses to deduct the full purchase price of qualifying software for tax purposes.

To learn more about the Section 179 tax deduction, as well as gloStream's certified, Microsoft Office-based EMR software, call us at (877) 456-3671 or email us at info@glostream.com.