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sparkomega
Is there any circumstances where you are able to write off the cost of a SPA (Jacuzzi) from your taxes?
Answer
Hey,
If you are like me, you might not have been able to find the form or line number for ¨home improvement¨ in your 1040 package.
Maybe it is right there beside ¨screw driver¨ but I didn´t see it.
The most common circumstance under which the IRS will cordially greet your hot tub is with a note from your doctor prescibing same.
Unfortunately, it is a medical expense. Medical, on your schedule A, is subject to a reduction of the first 7.5% of your income. So unless you have alot of medical expenses, it won´t help you much.
If your business is incorporated, you might talk to your money guy to go through your corp.
I hope this is some help.
Good Luck.
Hey,
If you are like me, you might not have been able to find the form or line number for ¨home improvement¨ in your 1040 package.
Maybe it is right there beside ¨screw driver¨ but I didn´t see it.
The most common circumstance under which the IRS will cordially greet your hot tub is with a note from your doctor prescibing same.
Unfortunately, it is a medical expense. Medical, on your schedule A, is subject to a reduction of the first 7.5% of your income. So unless you have alot of medical expenses, it won´t help you much.
If your business is incorporated, you might talk to your money guy to go through your corp.
I hope this is some help.
Good Luck.
What should i do for my birthday?
Alice
Well im turning 14 and i don't want something big, so no party's or anything. I'm only inviting my best friend, and i want to do something fun, but not to expansive. I kind of want to go to a fancy restaurant and then have a sleepover at my house. I have a hot tub so we could use it, but do you guys have any other ideas? Maybe something like going to the spa.
Answer
What do you like to do? You could go on a trip, or have an old-fashioned picnic in a park (if you don't want to spend much), or go to a theme park, or to a concert, or to a restaurant, or to a famous place in your town (don't know where you're from), or just stay at home and try to make your own dinner (it's fun, unless you set the house on fire, which can also be fun but you'd better not try it!) :-)
What do you like to do? You could go on a trip, or have an old-fashioned picnic in a park (if you don't want to spend much), or go to a theme park, or to a concert, or to a restaurant, or to a famous place in your town (don't know where you're from), or just stay at home and try to make your own dinner (it's fun, unless you set the house on fire, which can also be fun but you'd better not try it!) :-)
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Title Post: Is it possible to write off the cost of a SPA on your taxes?
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Rating: 92% based on 9172 ratings. 4,3 user reviews.
Author: Unknown
Thanks For Coming To My Blog
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