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Pay for your sports and fitness expenses with pre-tax dollars


 Use pre tax dollars to pay for your sports and your kids activities

The Personal Health Investment Today Act of 2009 or the PHIT Act of 2009 was introduced in the House on April 27, 2009. It amends the Internal Revenue Code to allow a medical care tax deduction for up to $1,000 ($2,000 for married couples filing jointly or heads of household) of qualified sports and fitness expenses. It defines "qualified sports and fitness expenses" as amounts paid for fitness center memberships, physical exercise programs, and exercise equipment. The act was referred to the House Committee on Ways and Means.

Covered expenses include:

• Youth camp & physical activity fees

• Membership and dues in a health club

• Exercise/fitness classes or instruction (personal trainer)

• Sports league fees (adult and youth)

• Marathon/Triathlon registration fees!

• Equipment used exclusively for participation in physical exercise/activities

 

Excluded expenses include:

• Expenses incurred from private clubs owned and operated by members

• Clubs offering golf, hunting, sailing and horseback riding activities

• Apparel and footwear not used exclusively for physical activity

• Travel and accommodation expenses associated with participation in physical activity

 

Contact the following Congressmen on the Ways and Means Committee from NY and tell them to pass HR 2105. They are back in session on Sept. 8, 2009.

 

 

Charles Rangel  

Joseph Crowley  

Brian Higgins  

 

Contact your representatives - 

U.S. Senators                          U.S. Representatives 

 

Take action!

 

 

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By

NY Triathlon Examiner

Kristen Hislop is an avid triathlete having competed in many triathlons around the country over the course of almost 20 years. As a USAT certified...

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