Personal Health Investment Today Act of 2023 (PHIT Act of 2023) 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 fitness facility memberships, physical exercise or activity programs, or equipment for a physical exercise or activity program.
NSGA provided significant financial support to the PHIT effort in its early stages and continues its 10+ year participation in the PHIT Coalition. NSGA lobbies for the passage of PHIT legislation to encourage greater sports participation and related business for our members while advancing the message that physical activity is essential element in a healthy population and serves as a preventive measure for rising healthcare costs.Back to Current Initiatives
Senate – 03/14/2023 referred to the Committee on Finance, House – 03/14/2023 Referred to the House Committee on Ways and Means