Make Fitness a Tax Deduction With the PHIT Act

marathon runnerThe clever acronym PHIT stands for The Personal Health Investment Today Act of 2024. The PHIT Act was introduced in the U.S. House of Representatives last spring, and is intended to amend the IRS code to allow fitness-related tax deductions for up to $1,000 for individuals, or $2,000 for married couples filing jointly or heads of household.

But, only certain sports and fitness expenses qualify. The PHIT Act defines qualified activities as amounts paid for fitness center memberships, physical exercise programs, and exercise equipment.

Here are some of the expenses that are covered:

  • Youth camp and physical activity fees
  • Membership fees for a health club
  • Exercise/fitness classes or personal trainer’s instruction
  • Sports league fees (any age)
  • Marathon/triathlon registration fees
  • Equipment used exclusively for participation in physical exercise/activities

Expenses that are not included are:

  • Expenses incurred from member-owned and operated private clubs
  • Clubs that offer golf, hunting, sailing and horseback riding
  • Apparel and footwear not used exclusively for physical activity
  • Travel and accommodation expenses incurred while participating in physical activity

ronald kindAny incentive to have our citizens get healthier is a fantastic idea. The act is sponsored by Rep. Ronald Kind (D) of Wisconsin. His co-sponsors in the House of Representatives include:

Tammy Baldwin (D) of Wisconsin
Joe Barton (R) of Texas
Earl Blumenauer (D) of Oregon
Kevin Brady (TX) of Texas
Robert Brady (D) of Pennsylvania
Christopher Carney (D) of Pennsylvania
Jim Gerlach (R) of Pennsylvania
John Gingrey (R) of Georgia
Marcy Kaptur (D) of Ohio
Mike McIntyre (D) of North Carolina
Jerry Moran (R) of Kansas
Donald Payne (D) of New Jersey
Todd Platts (R) of Pennsylvania
Zach Wamp (R) of Tennessee
Robert Wexler (D) of Florida

Contact your congressman to show your support for the Personal Health Investment Today Act of 2024 (PHIT Act or HR 2105)!


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