When it comes to remodeling your home, there are a lot of different things to consider. One of the most important decisions you’ll make is what kind of bathtub to install. If you’re considering a walk-in bathtub, you may be wondering if it’s a tax deduction.
The good news is that, in most cases, walk-in bathtubs are considered a tax deduction. This is because they’re considered a medical expense. As long as the walk-in bathtub is considered medically necessary, you can deduct it from your taxes.
Are walk-in bathtubs tax deductible?
There are a few things to keep in mind when claiming a walk-in bathtub as a tax deduction. First, the bathtub must be considered medically necessary. This means that it’s been prescribed by a doctor as a way to improve your health or ease your symptoms.
Second, the cost of the bathtub must exceed 7.5% of your adjusted gross income. This is the threshold for medical expenses. So, if the cost of your walk-in bathtub is $3,000, you can only deduct $225 from your taxes.
If you meet both of these criteria, a walk-in bathtub can be a great way to reduce your taxable income. Not only will it make your home more comfortable and relaxing, but it can also save you money on your taxes.
