ADA Believes Tax Bill will Benefit Majority of Dentist and Patients
December 22nd, 2017 by larconati
The new tax billed includes a number of policies that will benefit from dental industry, according to the American Dental Association (ADA).
According to an article from the ADA, “The ADA was successful in getting a number of ADA policy priorities included in the final bill, which it believes will benefit the majority of dentists and their patients”.
The article discusses some key provisions:
Improving the cash accounting allowance
Retaining the student loan interest deduction at its current levels
Providing the first ever deduction for all pass-through entities, including S Corporations and sole proprietorships
Is your dental practice ready for the new tax laws coming in 2018?
To read more, see the full article from the American Dental Association.