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.

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.

With a commitment to innovation and imaging excellence, Carestream has developed a reputable lineup of extraoral X-ray machine models, both 2D and 3D, that deliver high-quality images, enhanced workflow efficiency, and patient comfort.

Since their founding in 2004, Anatomage, a medical and dental technology company, has risen to prominence with its cutting-edge software. Headquartered in the heart of Silicon Valley, Anatomage has provided turnkey solutions to the dental community, in particular with its Tx STUDIO software, the "brains" of an i-CAT CBCT.

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.

For over a decade, dental professionals have been ditching traditional impressions and materials in favor of their digital counterpart, the intraoral scanner. With years of development and great demand from the dental community, intraoral scanners are more powerful, comfortable, easy-to-use and affordable than ever before. It's become quite a crowded marketplace, with new options arriving constantly! 

Today, you'll find dentists and specialists ditching traditional impressioning and making the investment in intraoral scanners. And, it’s easy to see why... when scanners are more powerful and more accessible than ever before. Your staff and patients benefit with an easy-to-use tool for minimally invasive impressioning, creating exportable digital patient records - easily shared with 3D printers, labs and/or mills.

 

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.