H.R. 6312 · 115th Congress
Personal Health Investment Today Act
- Stage
- Reported from committee
- Sponsor
- Jason Smith
- Introduced
- 2018-07-06
- Latest action
- 2018-07-19 · Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-846.
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, horseback riding, and videos or books.