Yes. If your doctor prescribed the jacuzzi for the treatment of a medical condition, then you can deduct some or all of the cost of the jacuzzi as a medical expense. However, the amount you deduct will be the amount of the jacuzzi minus the increased in value of your house. So, if you paid $10,000 for the Jacuzzi and it caused your home value to increase by $6,000, you would only be able to claim $4,000 as an itemized expense.
For the walk in shower the same applies. It must be needed due to a medical condition in order to be tax deductible as an itemized expense.
Keep in mind, your home modifications and all medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.
Itemized expenses include mortgage interest, gambling losses up to winnings, charitable contributions, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.
The 2024 Standard Deductions are as follows:
- Married Filing Joint (MFJ) $29,200
- Married Filing Separate (MFS) $14,600
- Head of Household (HOH) $21,900
- Single $14,600
Blind or over 65 and MFJ or MFS add $1,550
Single or HOH if blind or over 65 add $1,950
Standard versus Itemized Deduction
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