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Tax Deduction Consulting: Spa Medical Deductions Washington DC

If you are suffering from a medical condition such as Arthritis and your doctor has suggested that you could find relief via soaks in a hot tub, spa, or pool, but the expense of such a project makes it difficult, there is hope. The Internal Revenue Service might end up giving you a helping hand. The cost of a Spa when used for medical reasons is a possible valid medical deduction from your income taxes.

Joseph Bonaccorsy
2011 Crystal Dr.
Arlington, VA
Company
Title: Financial Advisor
Company: Core Advisory, LLC
Type
Registered Investor: Yes
Education
Florida Tech /CFP
American Intercontinetal/BA - Maga Cum Laude
Institute of Business Finance/MSFS
Years Experience
Years Experience: 15
Service
Wealth Management,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Stock Market Alternative,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribu

Data Provided by:
Barbara J. OLeary (RFC®), CEP
(703) 370-7666
101 South Whiting Street Suite 203
Alexandria, VA
Qualifications
Years of Experience: 18
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Compensation Plans

Data Provided by:
B. Frank Doe (RFC®), CFP, MBA
(703) 272-7177
10560 Main Street, Suite 316
Fairfax, VA
Company
Frank & Darby Doe
Qualifications
Education: MBA
Years of Experience: 33
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Retirement Planning, Tax Planning, Tax Returns, Mutual Funds, Annuities

Data Provided by:
Ari Group Llc
(202) 723-5059
1731 7th St Nw
Washington, DC

Data Provided by:
Atab Tax Service
(202) 829-2822
536 Columbia Rd Nw
Washington, DC
 
Charles Stough
1940 Duke St, Suite 200
Alexandria, VA
Company
Title: LPL Wealth Planner
Company: WealthPath LLC
Type
Investment Advisor Rep: Yes
Education
University of Oklahoma/MHR
University of Florida/BA
Years Experience
Years Experience: 7
Service
Pension for Highly Compensated Owners,Income for Life/ Preserve Principal,Alternative Investments,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Annuities,Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planni

Data Provided by:
Mr. Vijay K. Khetarpal (RFC®), CFP, CHFC, CLU
(703) 356-4888
8607 Westwood Center Dr #300
Vienna, VA
Company
Integrity Financial Group, LLC
Qualifications
Education: B.A (Honors) Economics, St. Stephens College, DelhiAll India HS Humanities, Mayo College, Ajmer
Years of Experience: 27
Membership
IARFC, MDRT, FPA, SFSP, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Martin J. Beeson (RFC®), CEP, CSA
(866) 388-0110
2135 Defense Hwy Ste 6
Crofton, MD
Company
The Planning Companies
Qualifications
Years of Experience: 19
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell

Data Provided by:
Jackson Hewitt
(202) 588-1885
251 Florida Avenue
Washington, DC

Data Provided by:
Express Tax Svc
(202) 332-0400
1541 7th St NW
Washington, DC

Data Provided by:
Data Provided by:

Tax Deduction Consulting: Spa Medical Deductions

Claim Spa Medical Deduction

If your doctor gives you a written recommendation for frequent swims or soaks, you can claim your Spa or pool as a Medical Deduction.

If you are suffering from a medical condition such as Arthritis and your doctor has suggested that you could find relief via soaks in a hot tub, spa, or pool, but the expense of such a project makes it difficult, there is hope. The Internal Revenue Service might end up giving you a helping hand. The cost of a Spa when used for medical reasons is a possible valid medical deduction from your income taxes.

There are a few catches, of course. The spa or pool must be used primarily for a verified medical purpose for either you or one of your dependents. This does not mean that others may not use and even enjoy using it, but the primary purpose has to be for a medical reason. The deduction will be for the initial cost of installation and for maintenance. The maintenance amount is deductible year after year. When figuring the cost of the installation, the IRS will only allow the basic and most simple costs. In other words, if you decide on something that is fancy and non-standard like imported Italian tile, the extra cost will be deducted from the allowable deduction amount.

It is also important to be aware of the availability of a similar public Spa or pool in your immediate area. If one that could be used just as easily is near by, the IRS might disallow the deduction. You also have to be aware of any increase to the value of your home by the addition of the pool or spa. If a pool costs $25,000, for example, and raises the assessed value of your home by $10,000, only $15,000 would be allowed as a deduction.

Another consideration is the total of your other medical expenses. The IRS uses a deductible that works much like your medical insurance policy. It will not allow deductions that do not exceed 7.5% of your adjusted gross income. So, this figure must be calculated when viewing the feasibility of ...

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