Vaping is a tax write off?

[bfrie]

I was at work the other day and someone told me they have been writing off all of their vaping expenses on their taxes (don't remember if it was a customer or coworker) has anyone else been doing this? Anyone with some tax law knowledge know if this is a legit thing to write off?

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[JJOOHHNN]

I was at work the other day and someone told me they have been writing off all of their vaping expenses on their taxes (don't remember if it was a customer or coworker) has anyone else been doing this? Anyone with some tax law knowledge know if this is a legit thing to write off?

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Ummmm, do they own a vaping store?

 

[bfrie]

Ummmm, do they own a vaping store?

Well i work at a vaping store but I'm positive it was not the owner who said that

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[Centurion]

If it is over 7.5% of your income, as smoking cessation costs, maybe. But this may have been updated --->cleanlungs.com/education/features/taxes.html

 

[sonicdsl]

It's not even been deemed by the FDA what it is yet, how could it possibly be a tax write-off?

(ETA: And they are definitely NOT a smoking cessation device at this point in time)

 

[Worzel]

Yes Mr. Tax preparer, they are a necessity to my job, they keep me from going postal!

 

[Centurion]

Oh it could be argued it's a smoking cessation device. I mean it is, isn't it? Check out IRS Publication 502.

 

[bfrie]

Would it be possible that my coworker was the one who told me, and he has been writing them off as business expenses since we are employed as indePendent contractors?

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[bfrie]

Oh it could be argued it's a smoking cessation device. I mean it is, isn't it? Check out IRS Publication 502.

Do explain

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[Centurion]

Apparently if you have smoking cessation costs that exceed 15% of your adjusted gross income you can deduct the portion of expenses that exceed that 15%, not the total amount of your costs, but the amount that exceeds that 15% AGI mark. You would have to read the regs and see if you feel comfortable deducting those costs and I think an argument could be made that it's legit. They do however strike some things off the list of what is deductible and it may be that only costs under a doc's prescrip are allowable, who knows. Check it out if you want maybe.

 

[bfrie]

All I know is if someone proves this true provape will see a large increase of orders-that provari you've been debating is tax deductible

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[Centurion]

Yeah but even if it were deductible, lets say you make $20,000 a year. Even then you'd have to rack up $3000 in expenses before you could claim additional expenditures. Who making $20k a year has $3500 to blow on vaping gear only to get a $500 deduction?

Anyway, from IRS Pub. 502, "Page 14 of 35

Stop-Smoking Programs
You can include in medical expenses amounts you pay for
a program to stop smoking. However, you cannot include
in medical expenses amounts you pay for drugs that do
not require a prescription, such as nicotine gum or
patches, that are designed to help stop smoking."

So, it only would cover, it seems to me, some super expensive high-priced exotic M.D.-prescribed "cure" attempt, but not vaping.

 

[bfrie]

That's disappointing, I was really hoping to stick it to the irs next year ill keep hunting for that loophole until next April

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[Centurion]

.... Although.... xD.... since taken literally it only disallows "drugs", perhaps you could claim the hardware, atties, nichrome, etc, but not just not the nicotine or juice itself. If you mix it yourself you might even try to claim the VG and PG and flavors. I mean, they're not drugs and that's what apparently is disallowed.

Heh.

They would argue it's not a recognized medical expense though.

 

[bfrie]

Could your pv's somehow be considered medical devices if you had serious issues from smoking? And would that somehow aid I'm writing off vaping expenses?

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[Centurion]

You would need to consult a tax professional or make the determination on your own. Like a tax attorney, not some outfit like Jackson Hewitt. They'll claim anything.

 

[bfrie]

So let's assume whOever told me they are doing this was being truthful-how do you think they were getting away with it? Is my business expense hypothesis plausible? I know indePendent contractors can write off mileage they put on their cars. ..

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[Centurion]

I have no more knowledge to give. Sorry. If it's a business expense, other rules would apply but I am not comfortable exploring this more because I think it would constitute giving tax advice.

 

[bfrie]

Gotcha. Just so you know i have no plans on writing anything off, too much work to save nearly nothing since i get almost all of my taxes back anyway. It just made me curious

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[Whosback]

I wrote off my saxophone one year because I had a conversation with a music producer. The same man now owns a vape store, perhaps I could pull the same,,, vaping is good for the lungs, lung + sax= good. BUSINESS EXPENSE