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Tax Credit
Learn how to receive up to $5000 back on your tax returns through purchasing one of these amaing tables.
Color Chart
We offer 48 pad colors to match your room color or to enhance the look of your settings.
Table Shapes
Select one of our several table top shapes created from years of designing massage table tops for all types of modalities.
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Tax Credit
Step 1 - How to Use IRS Tax Form 8826
Package Price | $6,450 | |
Minimum amount for tax credit | -$ 250 | |
$6,200 | ||
Divided by 50% = | $3,100 |
Step 2 - How the Normal Equipment Write-Off Works
Package Price | $6,450 | |
Minimum Direct Credit (above) | $3,100 | |
Multiply Your Tax Rate 28%* = | x .28 | |
Equipment Write-Off Amount from section 179 | $938 | |
*28% tax rate used as an example. Rates may vary from 15% to 38% based on your tax bracket. |
Step 3 - Calculate Your Total Tax Relief
Add Direct Credit sec 44 (step 1) | $3,100 | |
Plus Equipment Write-Off sec 178 (step 2) | +$938 | |
Total Tax Relief | $4,038 |
Step 4 - Subtract Your Total Tax Relief from Original Sale Price
Original Package Price | $6,450 | |
Total Tax Relief | $4,038 | |
Your Cost of Model 800 STP Package after Tax Relief (not including shipping cost) |
$2,412 |
This credit is available according to Section 44 of the Internal Revenue Code. To qualify, the profesional's practice must meet the following requirements: 1) Annual Gross reciepts of the practice do not exceed $1,000,000 or 2) the practice employs no more that 30 full time employees during the taxable year in which the credit is elected. 3) The equipment cannot cost less than $250 and cannot cost over $10,250.
Remember to consult your tax advisor to make sure you qualify