A dry sauna is a great way to set your massage business apart!
You have two options for writing it off: you can either depreciate the cost over the life of the asset, or you can claim the full deduction in the first year using bonus depreciation or 179 depreciation.
If you want to spread out the write-off, the sauna will need to be recorded as a “fixed asset” on your tax return and depreciated over its useful life (seven years). First-year depreciation would be 14.29% of the total cost.
If you’d rather take it all now, you can claim bonus or Section 179 depreciation and take 100% of the cost as a write-off this year.
To learn more about how these different methods work, check out our article on computer depreciation, which would apply to your sauna as well.
Remember, the cost of installation and maintenance is an eligible write-off as well.
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Sarah is a staff writer at Keeper Tax and has her Enrolled Agent license with the IRS. Her work has been featured in Business Insider, Money Under 30, Best Life, GOBankingRates, and Shopify. She has nearly a decade of public accounting experience, and has worked with clients in a wide range of industries, including oil and gas, manufacturing, real estate, wholesale and retail, finance, and ecommerce. Sarah has extensive experience offering strategic tax planning at the state and federal level. During her time in industry, she handled tax returns for C Corps, S corps, partnerships, nonprofits, and sole proprietorships. Sarah is a member of the National Association of Enrolled Agents (NAEA) and maintains her continuing education requirements by completing over 30 hours of tax training every year. In her spare time, she is a devoted cat mom and enjoys hiking, baking, and overwatering her houseplants.