PHIT Act

Summary

Personal Health Investment Today Act or the PHIT Act This bill amends the Internal Revenue Code to allow a medical care tax deduction for qualified sports and fitness expenses. The deduction applies to amounts paid for: (1) fitness facility memberships, (2) physical exercise or activity programs, and (3) safety equipment for use in a physical exercise or activity program. The overall deduction is limited to $500 per year (twice the amount in the case of a joint return or a head of household), and a deduction for safety equipment may not exceed $250. The bill requires the limits to be adjusted for inflation after 2019. The deduction does not include expenses for golf, hunting, sailing, riding, and videos or books.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 19 July 2018

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 19 July 2018

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 19 July 2018

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 6 July 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 July 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 July 2018

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.