When purchasing a Walk-in tub for yourself or for someone who would greatly benefit from it, you may wonder what impact it can have on your tax deduction.
Can it be viewed as a medical necessity or not?
So the answer is yes, as long as you prove your purchase with a medical diagnosis, your walk-in tub is tax deductible.
The IRS states that the expense must be proven to have prevented or alleviated a physical or mental condition and that if it only benefits general health, it cannot be included as a medical expense tax.
Is a walk-in tub considered a medical expense in that sense?
To qualify for a tax deduction, you must have a medical condition that requires the use of a walk-in tub.
This condition must be diagnosed by a licensed medical professional and require a physician-prescribed treatment plan that includes the use of the walk-in tub.
Once you have confirmed your eligibility for a tax deduction, it is important to keep in mind that not all walk-in tubs may qualify for a deduction.
The walk-in tub must be considered a medical expense, meaning that it is primarily used for medical purposes and not for general relaxation or pleasure.
The cost of the walk-in tub must exceed a certain percentage of your adjusted gross income in order to qualify for a deduction.
This percentage can vary yearly, so it is important to check with the Internal Revenue Service (IRS) for the current threshold.
If you choose a Kohler walk-in tub, you will pay $5.000 up to $15.000 to have it installed, but only a percentage will be deducted.
To claim a tax deduction for a walk-in tub, you will need to itemize your deductions on your tax return.
It is recommended that you keep detailed records of the purchase and installation of the walk-in tub, including receipts and documentation from your medical professional.
It is not included if you purchased the walk-in only for its rejuvenating properties or to support organ function, soothe pain, or improve digestion.
But if you bought it with a doctor’s diagnosis, it is qualified for the tax deduction. For example, if you purchased the walk-in for medical reasons (arthritis, sclerosis, mobility issues), it can be considered a medical expense and tax-deductible as such.
When you purchase a Walk-in tub for medical reasons you are spending the money on improving your health and it also requires some modifications in your home. You can read about medicare coverage too.
If you prove that all that money was spent because you needed to alter your house in order to better your quality of life it will certainly be qualified for a tax deduction and you will have some of that money back.
But if you bought it for preventive reasons or “spa” reasons you will have a difficult time proving otherwise without medical reasons.
In summary, tax deductions on walk-in tubs are available for individuals with medical conditions requiring a walk-in tub.
It is important to ensure that the walk-in tub qualifies as a medical expense and that the cost exceeds a certain percentage of your adjusted gross income. Consultation with a tax professional is recommended for further guidance on this topic.