Top 6 Tax Deductions That (Unfortunately) Don’t Exist
Quote:
Go Banking Rates article written by Chris Adam - 4/15/2025
“No, your Peloton doesn’t qualify as office furniture, even if it supports your work-life balance,” Heerlein said. “These may feel like part of the job, but the IRS sticks to strict rules.”
Filip Telibasa, a certified financial planner with Benzina Wealth, said gym memberships to reduce sick days from work are also not tax deductible.
“The IRS says your spin class is a personal expense, even if it makes you more productive at work,” Telibasa said.