29 Dec '16, 6pm

You May Soon Get a Tax Break for Keeping Fit

You May Soon Get a Tax Break for Keeping Fit

So what does the PHIT Act consider a “fitness-related expense”? The act covers canoes, kayaks, boxing gloves, jump ropes, free weights, treadmills , kettlebells, golf clubs, footballs, baseballs, basketballs, hockey sticks, roller blades, cleats, and anything else you could possibly imagine that is required and necessary to play, partake, or participate in a sport or recreational activity. Related: The Best New Treadmills for Runners Alas, for runners, clothes and running shoes don’t make the cut, since they can be worn during plenty of instances when you’re not participating in a strenuous activity. And while activities such as golf outings and equipment are covered, things like country club memberships, are not. As for when the act may become a law, “hopefully we will be able to find the right vehicle to move forward on it sometime this year,” Rep. Ron Kind (D-Wis.), the...

Full article: http://www.runnersworld.com/health/you-may-soon-get-a-tax...

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