The 7 deductions chiropractors miss
Seven places practice owners leave money on the table every year. Read the list, then let us tell you which ones apply to you.
Book a Fit Call15 minutes · No costThe list
Tables, lasers, decompression units, software, even the new front desk. Section 179 may let you write off the full cost the year you buy it instead of spreading it over years.
Ask: Did we expense it or depreciate it?
Seminars, board fees, association dues, the flight and the hotel. If it keeps you licensed or makes you better at what you do, it may qualify. Most of it never gets tracked.
Ask: Is every CE receipt in the books?
A basic IRA caps you fast. The right plan design for a practice owner may let you set aside far more, pre-tax, while still covering your team the way the rules require.
Ask: Is my plan built for me or for a W-2 employee?
Self-employed health insurance premiums may be deductible above the line. Pair the right plan with an HSA and you may get a deduction going in, tax-free growth, and tax-free money coming out.
Ask: Where are my premiums showing up on the return?
The Augusta rule may let your business rent your home for up to 14 days a year for meetings or training. The practice deducts it. You may not have to report it as income.
Ask: Do we have a rental agreement and minutes?
Real work, real wages, real records. Paying your children for legitimate work in the practice may shift income into a lower bracket and fund their Roth IRA at the same time.
Ask: Is there a job description and a timesheet?
If you have tested new protocols, adjusted techniques, or changed how you deliver care to get better outcomes, that work may qualify for a federal credit most chiropractors have never been told about. This is the one we find most often.
Ask: Has anyone ever looked?
Fifteen minutes with a Quartermaster Navigator. We look at your practice and tell you where the money is. No pitch. Keep your CPA.
Book a Fit CallQuartermaster Tax Management
Your CPA reports what happened. We work on what happens next. Bring last year's return if it is handy. That is all you need.
Book a Fit Call15 minutes · No cost No cost · No pitch · Keep your CPAThis page is general information for chiropractic practice owners, not tax advice for your situation. Whether any item applies depends on your entity type, records, income and state. Results vary. Talk to us or your CPA before acting on any of it.
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