PHIT Act of 2023
- Last Action
- 3/14/2023
Actions
- 2023-03-14Read twice and referred to the Committee on Finance. (text: CR S774-775)
- 2023-03-14Introduced in Senate
CRS Summary
As of 2023-03-14 (00)
Personal Health Investment Today Act of 2023 or the PHIT Act of 2023
This bill allows 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 participating in a physical activity, including (1) fitness facility memberships, (2) physical exercise or activity programs, or (3) equipment for a physical exercise or activity program.
Cosponsors (18)
- Christopher Murphy (D-CT)
- Kevin Cramer (R-ND)
- Thomas Tillis (R-NC)
- Roger Marshall (R-KS)
- Shelley Capito (R-WV)
- Roger Wicker (R-MS)
- Tim Scott (R-SC)
- Tammy Baldwin (D-WI)
- Kyrsten Sinema (I-AZ)
- Angus King (I-ME)
- Jerry Moran (R-KS)
- Rand Paul (R-KY)
- Richard Durbin (D-IL)
- Jon Ossoff (D-GA)
- Raphael Warnock (D-GA)
- Markwayne Mullin (R-OK)
- Amy Klobuchar (D-MN)
- John Barrasso (R-WY)
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.