PHIT Bill Expected to Move After Tax Bill
With 100 co-sponsors in the House and 12 co-sponsors in the Senate, the campaign to expand the definition of deductible expenses from Health Savings Accounts to include certain fitness related activities and equipment is gathering momentum that has proponents hopeful it will pass before the end of the year. However, it is ineligible for consideration under the pending tax bills moving through Congress. Under budget reconciliation rules, which are being used to prevent a Democratic filibuster, Congress could change the amounts that could be salted away in HSAs but it cannot change the ... Log in to view full article.