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Ask an Advisor
By Staff Reporters
According to PM News #4325, a podiatrist in San Luis Obispo, CA, recently received his first EMR incentive check.
Congratulations and kudos were had by all in the practice. Then, reality set in as the doctor wondered out loud!
Q: Is the incentive check taxable?
Assessment
We now seek input and advice from medical management consultants, financial advisors and accountants.
Conclusion
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Filed under: "Ask-an-Advisor", Taxation | Tagged: EHRs, EMRs, Is an EMR Incentive Check Taxable? |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
One Answer
According to the above source [PM News #4325], the IRS views all payments received under the health IT incentive programs as taxable income.
You may be able to write off a portion of the hardware or software purchase costs associated with your EHR, but there are limitations, so consult your FA or tax adviser. They may be aware of additional tax incentives unique to your state or situation.
Ann Miller RN MHA
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