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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-07-19 | Calendars | Placed on the Union Calendar, Calendar No. 655. | House floor actions |
| 2018-07-19 | Committee | Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-846. | House floor actions |
| 2018-07-11 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 7. | House committee actions |
| 2018-07-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2018-07-06 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2018-07-06 | IntroReferral | Introduced in House | Library of Congress |