PHIT Act Clears Another Hurdle

Andy Berg Headshot

Congress is moving forward with legislation that would promote fitness by offering tax breaks on everything from fitness equipment to yoga classes.

The PHIT (Personal Health Investment Today) Act passed through the House Ways and Means Committee in a 28-to-7 vote.

The bipartisan legislation would allow Americans to use up to $500 annually from their pre-tax Health Savings Accounts and Flexible Spending Accounts on things like gym memberships and fitness equipment. Specifically, the bill earmarks for tax breaks things such as: fitness & exercise classes; sport/activity camps and clinics; youth & adult sports registration fees; sports and fitness equipment solely used to participate in a physical activity; instructional lessons and clinics; running & fitness event registration fees; yoga and other physical activity expenses.

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