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Important Tax Breaks for Healthcare Capital Expenditures

Important Tax Breaks for Healthcare Capital Expenditures

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January 2022

When you're in healthcare, it's important to be aware of possible savings on your tax liabilities, especially favorable tax breaks that are still available for your capital expenditures. In the healthcare industry, you can expect to count a number of assets as capital expenditures, such as buildings, computer and digital technology, medical equipment, office furnishings and similar assets. But because of the rapid pace of change that's taking place in medical technology as well as regulatory requirements, it’s not uncommon for healthcare providers to regularly require building renovations and updates to keep their equipment current while providing the highest quality of care to their patients.

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