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 an Enrolled Agent with the IRS and has 6 years of tax and accounting experience. She's an avid hiker, animal lover, and self-proclaimed chocolate connoisseur.