Income Tax Accounting

12 Months Ended

Dec. 31, 2019

Income Tax Accounting [Abstract]

Income Tax Accounting

Note 13. Income Tax Accounting

MEDITECH follows the provisions of ASC 740-10, Accounting for Income Taxes. The current and deferred components of the State and Federal income taxes for the three years ended December 31 are as follows:

	2017	2018	2019
State current	$3,225,483	$443,136	$5,626,874
State deferred	310,083	(830,212)	1,996,529
State income tax	$3,535,566	($387,076)	$7,623,403
Federal current	$20,103,177	$9,336,650	$24,427,084
Federal deferred	(4,581,540)	(4,949,208)	14,381,119
Federal income tax	$15,521,637	$4,387,442	$38,808,203