PHIT Act Clears Big Hurdle
The U.S. House of Representatives passed its reconciliation tax package, which includes key language from the Personal Health Investment Today Act. This provision would allow Americans to use pre-tax dollars on qualified physical activity expenses — such as gym memberships, fitness classes, and youth sports fees. The reconciliation bill now moves to the Senate, where it’s expected to undergo some revisions before a final vote. The ... Log in to view full article.
