Aid to Disabled Americans (ADA) Tax Example*

An example is provided on how you can save money by the sale of your existing equipment and taking advantage of the ADA tax credit.

Let’s just say you are considering the purchase of a new table. Suppose you own a Zenith Model #210 that you purchased for $1,245 back in 1973, and you could now sell that table as is for $800. You want a brand new Zenith Thompson table with 4 pneumatic drops, air compressor, and all the other bells and whistles, with a cost of $12,507. Here is how it works:

Since the new Zenith is a Hylo it qualifies for the ADA tax credit, with this scenario you would qualify for a tax credit of $5,000. See the breakdown below.

• 10,250 - $250 min x 50% = $5,000
• $12,057 - $5,000=$7,057
• $7,057 x 31% US & 8% state income tax = $2,752 in additional tax savings!
• Use the money from the sale of your old table of $800, your ADA tax credit of $5,000, and your tax depreciation of $2,752 for a total savings of $8,552
• This now brings the cost of the new table to only $3,505!
• Even better you can use the NEW Zenith table for about 5 years and resell it for about $7,200. You could make around $3,700, and use those earnings towards the purchase of a new table.

So why wait! Make the most out of your used table and the tax savings available to you and purchase your NEW Zenith table now!

* Please refer to your tax advisor for current up-to-date details on tax advantages including the example listed above. ScripHessco cannot begin to interpret tax laws or advise anyone how to utilize the tax codes. However, we can make you aware of the new codes and provide a copy of these codes upon request.
« back to financing