If you suffer from fibromyalgia, arthritis, restless leg syndrome, chronic insomnia, or another long-term medical issue, this article is for you. If you use hydrotherapy for any medical treatment, like diabetes, musculoskeletal pain, or other chronic pain problems, this article is also for you. If you have a child with special needs in which using hydrotherapy aides with their diagnosis, this article is also for you. With tax season in full swing, some people are unaware that you can deduct a hot tub from you taxes if you primarily use your hot tub for medical therapy or treatment. Here’s how you can deduct your hot tub from your taxes.
state that if your physician recommends hydrotherapy as medical treatment, you are allowed a tax deduction. In Publication 502
, medical expenses are costs that include diagnosis, cure, mitigation, treatment and prevention. Other costs include equipment, supplies, and diagnostic services to alleviate or prevent further symptoms or illnesses.
Proper documentation is essential for deduction of expenses. Most commonly, receipts and medical records can aid in getting the proper tax deduction. Though using doctor recommendation letters expressing the medical need for hydrotherapy treatment and hot tub use, it won’t guarantee IRS approval. If using a hot tub for overall health and well-being, you won’t receive approval for the deduction. Also, if you were reimbursed by your insurance company for your hot tub, you cannot claim tax deductions.
Did you know that you could also receive a tax deduction if you had a short-term injury that required use of hydrotherapy? You can! It is different to claim than a normal deduction. The deduction would only be for depreciation of the hot tub during the course of medical related use of your hot tub. Most common situations would be for those with injuries sustained in an auto accident, work-related, or another injury that improved your healing and health over a period of time (roughly six months to a year, maximum).
Though I am not a tax expert, please inquire with your tax preparer before making any deductions. Make sure you have all the proper documentation on hand, and you must have a medical reason for deducting a hot tub off your taxes. You can read the 502 Publication HERE
for all information regarding tax deductions for medical expenses.
Softub can also help with questions regarding tax deductions with tubs.