Cold plunge
$1,000-$8,000
Is a Cold Plunge Tax Deductible?
Short answer: Usually no: Cold plunge is a personal wellness purchase and isn't deductible.
It only becomes a medical expense if a doctor prescribes it for a specific condition, and then only the cost above what a normal item would add (or the cost minus any value added to your home).
Records to keep: Keep the receipt or invoice and an estimate of business-use percentage.
Cold plunge
Typical range: $1,000-$8,000
Individuals / Personal Taxes
Usually no: Cold plunge is a personal wellness purchase and isn't deductible.
Business justification
Usually no: Cold plunge is a personal wellness purchase and isn't deductible. It only becomes a medical expense if a doctor prescribes it for a specific condition, and then only the cost above what a normal item would add (or the cost minus any value added to your home).
Category
- Products & Brands