Monday, September 21, 2009

Tell your local politicians to support this bill!

If this passes, you'll be able to deduct Race registration fees, travel costs, and even fitness center memberships. (i.e. Rogue, T3 etc)
I know $1000 doesn't even cover 50% of most of our bills, but everything helps! (Thanks, Foho for sharing with me!)

http://www.opencongress.org/bill/111-h2105/show

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 your Congressmen and tell them to pass HR 2105.

1 comment:

brownie said...

Sounds too good to be true. But I will find a politician and scream at him in support of this...