medical care

The clever acronym PHIT stands for The Personal Health Investment Today Act of 2009. The PHIT Act was introduced in the U.S. House of Representatives last spring, and is intended to amend the IRS code to allow fitness-related tax deductions for up to $1,000 for individuals, or $2,000 for married couples filing jointly or heads of household.

But, only certain sports and fitness expenses qualify. The PHIT Act defines qualified activities as amounts paid for fitness center memberships, physical exercise programs, and exercise equipment.

Here are some of the expenses that are covered: