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Friday, July 16, 2010

Can electricity for your oxygen concentrator be tax deductable?

COPD International Is the electricity for an oxygen concentrator tax deductable for COPD Patients?

Members of the COPD community often ask if the electricity used to power an oxygen concentrator is tax deductable. The cost of electricity to operate your oxygen concentrator may be a medical deduction. Compute the cost, then ask whoever pre...pares your tax return.



To compute the cost, do the following:



1. Look at the label on your concentrator. It states the number of volts and amps the concentrator uses. The example uses 115 volts at 4 amps.



2. Calculate the number of kilowatt (KW) hours per year.


115 volts x 4 amps = 460 watts (W)

460 W x .001 KW/W = .46 KW

.46 KW x 24 H/day x 365 days/year
= 4,029.6 KWH/Y



3. Multiply the above result by the cost per KWH for electricity. You can get this from your electric company. In this example we used 8 cents per kilowatt hour.



4,029.6 KWH/Y x $0.08/KWY = $322.37

posted in our blog at: http://www.copd-international.com/COPDInfo/

Original source: http://www.portableoxygen.org/See More
COPD information at COPD-International
www.copd-international.com

5 comments:

Felicia said...

Thanks for this info Kellie....we used to get a discounted rate in CA for his Ox but nothing in Oregon

Kellie said...

Felicia,
I am also in Oregon. Since I have O2 in the house my electric bill climbed. So I called the power company and asked them what my options were. I was getting to where paying almost 200.oo per month every month was too much. So they put me on a program ... year around a constant amount. I pay 132.00 every month. That is inthe summer with airconditioning, and in the winter using our fireplace ... and my O2 concentrator.
I did the same thing with the gas company.
You might want to call and check on what your #'s would be.

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