If you operate a business, or earn a significant portion of your living working from your home office, your acquisition of a standing desk or treadmill workstation is very likely a tax deductible expense. Consult your tax or accounting adviser to verify, but there may be a very strong incentive to purchase a treadmill desk system before the end of the year depending on your situation.Expiring Soon – IRS Section 179 Tax Benefit for Office Equipment
Businesses have significant reasons to acquire and install capital equipment before the end of this year, thanks to Section 179 of the Tax Code. For the current tax year, Section 179 has been dramatically increased to $510,000 [...]
Many health insurance carriers have funds that employers can tap for purchases of products and services that promote the wellness of their employees – for free. Rules vary from carrier to carrier, and you’ll want to confirm in advance – but items like treadmill desk workstations and standing desks are usually approved for purchase. Hurry, though! Any funds not used before the end of the year are usually forfeited.
The Affordable Care Act (“ObamaCare”) also has a provision for small businesses to gain access to similar funds for improving employee wellness, at no cost to the business.
Contact your insurance carrier or broker now to see if [...]