Currently, you can’t claim a medical expense deduction for membership fees paid to a gym if you work out for general health reasons. To qualify for the medical expense deduction, you must use the gym to treat or alleviate a specific medical condition or illness. But some lawmakers in Congress want you to shape up.
A new bill, entitled the Personal Health Investment Today (PHIT) Act, would change the definition of “medical care” to allow a deduction of up to $1,000 ($2,000 for joint filers) for qualified sports and fitness expenses. This would allow medical expense deductions to gym enthusiasts (subject to the usual deduction limits) or enable them to tap into flexible spending accounts tax free to pay for the fees. We’ll monitor the bill’s progress.
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