RENEW DIGITAL LEARNING HUB

It’s hard to believe, but it’s that time of year again to start thinking about how to reduce your practice’s tax liability for 2023.

Section 179 of the IRS tax code, designed to encourage small businesses, such as dentists and dental specialists, to invest in their practices, allows them to deduct the full purchase price of qualifying equipment and/or software that has been purchased or financed during the tax year from their total gross income.

For dental practices, this means that the cost of equipment like CBCT scanners, digital X-ray machines, intraoral cameras, and even software can be fully or partially deducted from gross income. This means your practice can write off the full purchase amount this year and are no longer required to depreciate the equipment over time as they have in previous tax years.

Let's review how dental professionals can calculate their Section 179 deductions for dental imaging equipment.

Korean dental imaging manufacturer Vatech is one of the dental industry's hottest names in imaging technology, and for good reason! From launching the world’s first 3-in-1 digital X-ray system to a 41-layer digital panoramic radiograph, Vatech has built quite a reputation across the globe.

As you've undoubtedly heard, dental CBCT cone beam and 3D imaging are quickly becoming the new standard of care for dentists and dental specialists.

Here at Renew Digital, we hear a variety of questions related to purchasing a 3D cone beam dental system - particularly from those who are just getting started with 3D imaging for the first time. We’ve helped thousands of doctors, like you, find the right system, regardless of brand - based on the unique needs of your practice. And, because we carry a wide inventory of certified pre-owned dental CBCT systems, we’re able to accommodate the specific needs of any dental practice - particularly practice layout/space constraints, treatment offerings, and especially budget.

Doctors choose Carestream Dental as one of today's trusted names in dental imaging technology. And for good reason, they manufacturer a wide range of advanced X-ray machines that cater to the diverse needs of dental professionals.

For years, Dentsply Sirona has been internationally recognized by dentists and dental specialists for its high-quality dental imaging equipment. While this company was formed in 2016, this company brings decades of experience through the merger of two leading manufacturers: DENTSPLY International and Sirona Dental Systems.

As one of the most significant equipment investments for a dental practice, extraoral imaging and 3D CBCT technology should be well-researched and carefully planned prior to purchase. Many major manufacturers, like Dentsply Sirona, have a wide variety of cone beam systems available  to meet the needs of nearly any dental practice or clinical application.

So, if you’re considering Sirona for your next, or even first, CBCT system, you can feel confident you’re making a solid investment in a reputable brand.

Planmeca is a Finnish dental equipment manufacturer that specializes in digital dental solutions. The company was founded in 1971 and has since grown to become one of the largest dental equipment manufacturers in the world, with a presence in over 120 countries.

Congratulations on completing dental school! As you embark on your journey as a dental professional, one essential piece of equipment that you may need to consider is a dental CBCT (cone beam) system. As you may have heard in school, 3D imaging is quickly becoming the new standard of care for dentists and dental specialists.

This specialized imaging tool plays a crucial role in a number of disciplines, predominately: Implants, Endodontics, Orthodontics, Oral & Maxillofacial Surgery, TMJ, Sleep & Airway Analysis, Surgical Guides and much more.

Carestream is one of today's trusted names in dental imaging technology. And for good reason, they manufacturer a wide range of advanced X-ray machines that cater to the diverse needs of dental professionals.

Hey, new CBCT owner!  We don't have to tell you what you already know.. but you just made a significant investment for your practice. After considerable research and planning, you now have a new piece of technology that has the potential to impact the bottom line for your practice!