At last year's PSP Expo in Orlando, APSP met to gauge interest in developing a group that would...
Last week we kicked off our monthlong celebration of the Awards of Excellence with a look at the...
Organizers of the International Pool |Spa | Patio Expo recently announced five finalists for the...
I’ve always believed that one day hot tubs will get full credit for the health benefits they provide and be seen as the medical devices they really are. The research is out there to back this up; it seems like more arrives every year. But more importantly, you can feel it — physically sense the healing effects of hot tub use. When people feel it, they get it.
The foundation of this official recognition exists today. Hot tub health benefits are recognized by the IRS and some state governments, and under the right conditions, a customer can receive significant tax breaks from the purchase of a hot tub.
It says right there in Publication 502 of the U.S. tax code that a customer can deduct “medical expenses that are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These include the costs of equipment, supplies, and diagnostic devices needed for these purposes.”
Which boils down to this: the IRS will let your customer deduct the cost of a hot tub if there’s a prescription (or some kind of medical statement) stating the hot tub was purchased to alleviate or treat a medical condition such as a long-term injury or arthritis.
How much money are we talking about here? In my case, 22 percent of the purchase price, since that’s my highest tax bracket. So for a $9000 spa, that’s about $2000.
In addition to that federal income tax deduction, some states don’t charge sales tax on hot tubs (again, with a prescription), including Texas and Florida.
Texas tax code 3.284, item (11) states that “sales…tax is not due on the sale of therapeutic appliances when sold to individuals under a prescription of a licensed practitioner of the healing arts.”
The state sales tax rate in Texas is 6.25 percent, so that’s another $562.50 off the bill for that $9,000 spa.
This is worth mentioning to customers who walk in looking to buy a spa for pain relief. Have they asked their doctor for a hot tub Rx? If they have one, or are willing to get one, they just dropped their price dramatically without dropping your price at all.
RELATED: The Wellness First Approach
These examples show that government and medical institutions have taken the first steps toward the day when hot tubs will be fully covered in health plans and deductible without restriction, which would improve the health and well being of the continent in general.
Wouldn’t do us any harm, either.
At last year's PSP Expo in Orlando, APSP met to gauge interest in developing a group that would focus on the commercial side of the pool and spa industry.
The response was overwhelming. The event played out to a standing-room-only crowd, with a vigorous exchange of ideas among all assembled.
“As we continued on in that meeting and asked questions of what people were interested in, we found a great alignment within the entire industry,” says Donna Williams, chief marketing...
Last week we kicked off our monthlong celebration of the Awards of Excellence with a look at the impressive lineup of projects in the Bronze-winning category. Now, we're moving on to the Silver award winners.
This week you'll find projects than range from simply sensational to the sensationally simple, some with geometric borders and others with craftily coped edges. Fire effects, luxe lighting and fantastic homes frame the work, all of which earned the second-highest accolade the...
Organizers of the International Pool |Spa | Patio Expo recently announced five finalists for the Million Dollar Pool Challenge. The competition is designed to give pool and landscape designers, builders and outdoor living architects chance to design a project without the typical budgetary restraints.
Entrants were asked to create the ultimate oasis for a fictional couple with conflicting priorities like those often found in the real world.
“We are absolutely thrilled with...
Every year, the Awards of Excellence program recognizes the most beautiful, creative and ingeniously engineered projects in the pool and spa industry. We'll be revealing them all month long leading up to the PSP Expo, starting with the bronze winners.
And as always, there's still one big prize to be decided: The Fan Favorite award. Head over to apsp.org/fanfavorite and cast your vote between now and Oct. 26. The winner will be...