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Thread: Swimming Pool Tax Credit?

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  1. #1
    Join Date
    Jun 2006
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    19

    Default Swimming Pool Tax Credit?

    We got a quote for an IG FG pool and the sales person mentioned that you can get a tax credit for installing a pool if your doctor recommends swimming as therapy for arthritis or injury and I think she mentioned diabetes.

    Has anyone done this? If so what percentage of the pool cost can be recouped by doing so?

    Thanks,
    Bill

  2. #2
    Join Date
    Jun 2006
    Location
    Houston TX
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    26

    Default Re: Swimming Pool Tax Credit?

    Bill--you should contact a tax consultant for this info. I have a friend who had polio as a child and her pool was a total write-off.

  3. #3
    Join Date
    Jul 2006
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    Arkansas
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    Default Re: Swimming Pool Tax Credit?

    http://hometown.aol.com/hbmurphyjr/Swimpool.html

    I did an ask.com search- there is a provision in the Federal tax laws that addresses this. Let us know how it goes.

  4. #4
    Join Date
    Jun 2006
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    19

    Default Re: Swimming Pool Tax Credit?

    Thanks for the link.

    I had lyme disease when I was 17 and have had joint pain and I'm not sure if it's related to the lyme disease or me getting older. I've always heard that affects of the disease can stick with you or re-occur at any time. I think I'll explore this further with an accountant to see if I would qualify.

    One thing I noticed in the info is the therapeutic source (a pool in this case) must be available for use everyday. Not sure how this would work if you live in an area like I do where the pool would need to be closed during the winter.

  5. #5
    Join Date
    Apr 2006
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    395

    Default Re: Swimming Pool Tax Credit?

    Might be possible, but a sure way to be audited - make sure all your other ducks are in perfect order if you claim this.

  6. #6
    simsjim is offline Registered+ Thread Analyst simsjim 0
    Join Date
    Jul 2006
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    Default Re: Swimming Pool Tax Credit?

    hmm...my property taxes are actually higher because of the pool...

    But that is local jurisdiction. I know in some cases gunite, concrete or fiberglass pools create higher taxes than IG vinyl liners. Something to do with the permanency of the "fixture". I think the IG vinyl is not considered "real property" but "portable".

    It would be neat if someone with some tax/property experience contributed to the thread. "Without offering legal advisement, of course."

    I wonder if I could write off renovations I had to a pool that was present when I moved in, if I could prove that I needed the pool for therapeutic use.....then again, like it was said before, I close my pool during the colder months.
    Last edited by simsjim; 07-28-2006 at 09:49 AM.

  7. #7
    Join Date
    Jun 2006
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    19

    Default Re: Swimming Pool Tax Credit?

    Quote Originally Posted by cleancloths
    Might be possible, but a sure way to be audited - make sure all your other ducks are in perfect order if you claim this.
    I agree that this would raise some flags but I surely wouldn't do this without having prior diagnosis/referral from my doctor and speaking with an accountant.

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