PHIT Act of 2017
- Last Action
- 3/1/2017
Actions
- 2017-03-01Read twice and referred to the Committee on Finance.
- 2017-03-01Introduced in Senate
CRS Summary
As of 2017-03-01 (00)
Personal Health Investment Today Act of 2017 or the PHIT Act of 2017
This bill amends the Internal Revenue Code to allow a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expenses per year. The bill defines "qualified sports and fitness expenses" as amounts paid exclusively for the sole purpose of participating in a physical activity, including: (1) fitness facility memberships, (2) physical exercise or activity programs, and (3) equipment for a physical exercise or activity program.
Cosponsors (16)
- Christopher Murphy (D-CT)
- Shelley Capito (R-WV)
- Joe Donnelly (D-IN)
- Mike Rounds (R-SD)
- Johnny Isakson (R-GA)
- Roger Wicker (R-MS)
- JOHN MCCAIN (R-AZ)
- Tammy Baldwin (D-WI)
- John Barrasso (R-WY)
- Jerry Moran (R-KS)
- Gary Peters (D-MI)
- Roy Blunt (R-MO)
- Christopher Coons (D-DE)
- Thomas Carper (D-DE)
- Angus King (I-ME)
- Dean Heller (R-NV)
Subjects
- Health care costs and insurance
- Health promotion and preventive care
- Income tax deductions
- Physical fitness and lifestyle
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.