Updated 11/9/2023:
Discover Potential Tax Savings with Lifetimer International's Elevation Tables
Are you eligible for savings on your tax liability? Lifetimer International offers a range of elevation tables, including the LT-ME3 model priced at $4,299.00, that might qualify your medical practice for a disabled access credit under IRS Section 44. Here's what you need to know:
Eligibility Criteria:
ADA Benefit (Under IRS Section 44):
- Small businesses with total revenues of $1,000,000 or less in the preceding tax year or 30 or fewer full-time employees are eligible.
- Businesses can claim a tax credit of up to 50% of eligible access expenditures exceeding $250 but not exceeding $10,000 for a taxable year, for a maximum of credit of $5000.
Please note that businesses should consult with a qualified tax professional or accountant to ensure accurate and up-to-date information regarding their eligibility and potential benefits under these provisions, as tax laws and regulations are subject to change.
Sample Savings Scenario (Using our LT-ME3 as an Example): If your taxable income is $100,000.00 and you're in the 24% tax bracket, purchasing an elevation table like the LT-ME3 model could offer the following benefits:
For 1 Table:
|
*Assuming a 24% Tax Bracket |
Without Benefits |
With ADA Benefit |
|
Taxable Income: $100,000.00 |
$24,000.00 |
$24,000.00 |
|
ADA Benefit (50% x $4,299): |
$0 |
$2,149.50 |
|
Net Tax Due: |
$24,000.00 |
$21,850.50 |
For 2 Tables:
|
*Assuming a 24% Tax Bracket |
Without Benefits |
With ADA Benefit |
|
Taxable Income: $100,000.00 |
$24,000.00 |
$24,000.00 |
|
ADA Benefit (50% x $8,598): |
$0 |
$4,299.00 |
|
Net Tax Due: |
$24,000.00 |
$19,701.00 |
Take Action: Browse our selection of Elevation Tables and request a quote today!
Ready to enhance your practice and explore potential savings? Download IRS Form 8826 (rev. 2017) and consult your tax advisor for eligibility.
For more details or answers to your questions about our complete range of elevation tables, email Lifetimer International at contact@lifetimerint.com or call us at 503-283-7000.
* ADA discount only applicable to USA residents.
** Lifetimer International LLC reserves the right to discontinue any offer/special at any time without written notice and is not obligated to extend or honor such offers/specials through distributors or representatives not directly employed by Lifetimer International LLC.
