The Dentalpreneur Podcast w/ Dr. Mark Costes 2360: How to Legally Slash Your Tax Bill Before July 2026
Oct 17, 2025
Tax strategist Derick Van Ness, who specializes in helping dentists with tax reduction strategies, joins the conversation to share crucial updates on the new tax bill. He highlights how dentists can reclaim Research & Development (R&D) tax credits that were restricted after 2021. Derick details the four-part test for R&D eligibility, explaining how many dental practices unknowingly qualify. He also discusses implications of Section 179 deductions and offers insights on navigating tax documentation to withstand audits.
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Act Fast And Plan For A Short Sprint
- If you qualify, act quickly because the amendment window closes on July 4, 2026.
- Expect about two to three hours of your time for the interview and document gathering if pursuing amendments.
Limited-Time R&D Credit Window
- The July 4, 2025 tax bill restored usable R&D credits for dentists and allows amendments for 2022–2024.
- Typical single-practice offices often qualify for $10k–$15k per year in credits, sometimes much more.
Prepay SALT When It Makes Sense
- Consider paying state and local (SALT) taxes before year-end to leverage the raised deduction cap.
- Use pass-through entity prepayment strategies in states where available to reduce federal taxable income.