Understanding Potential Tax Credits with NeckCare

This document summarizes common credits other practices have reported exploring with their accountants. It is not tax advice, and all eligibility must be verified by each clinic’s accounting team.

Federal R&D Tax Credit

What it is:
A federal credit (up to 10%) related to improving products, processes, or techniques.

How it may apply:
Clinics using NeckCare as part of care delivery may qualify because the system relies on technology and supports clinical workflow innovation.

Example from the flyer:

• A doctor earning ~$250,000/year

• Using NeckCare 10% of the time
  → Potential credit: ~$2,000+ annually

State-Level Credits:

• 38 states offer additional credits

• Examples mentioned: MN up to 20%, TX & FL up to 10%

ADA Compliance Credit

Who qualifies:

• Practices with less than $1M in gross receipts

• OR fewer than 30 full-time employees

What it covers:

• 50% of eligible expenses

• Up to $10,250/year in expenditures

• Maximum credit: $5,000/year

Important:

• First $250 of expenses is not eligible.

Standard Business Deduction

If a clinic does not qualify for tax credits, NeckCare may still be deductible as a standard business expense.

Key Takeaways (as presented on the flyer)

• ✔ 10% Federal Credit (time spent with NeckCare)

• ✔ 38 States Offer Credits

• ✔ Up to $5,000 ADA Credit Annually

• ✔ Always check with your accountant

Purpose of This Document

To help clinics be aware of potential tax advantages when adopting NeckCare. This is strictly informational and does not guarantee eligibility or tax savings.

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File name: Potential Tax Credits with NeckCare
Download link: 📂 Flyer for Patients