Thu May 09 2024, by Tyler Gardner

Tax DeductionsMedical Expense DeductionsPool InstallationTax PlanningPersonal Finance

Can You Deduct Pool Installation Costs? The Surprising Answer

Tyler?

Yep.

It says here you’re trying to deduct $200,000 for installing a personal pool?

Yep.

Okay, this has gone too far.

No, here's my doctor's note. I have bronchial issues and need a pool for daily medical treatment.

And you can write this off?

I can write off the cost of the pool installation, less the increase in my home value.

Well, don’t smile too much, as pools are pretty expensive to upkeep.

Oh, I know. And I can thank you for that because I can write off the cost of pool upkeep too.

Well, off to rehab. Let me know when the check’s in the mail. I need new floaties.

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