While politics rarely touch upon the bjj everyday reality a new act recently introduced could change all that. A congressman in the House of Representatives recently introduced the PHIT Act – Personal Health Investment Today.
This act is to help encourage Americans to engage in physical activity without spending loads on equipment, membership fees and fintess classes. In short – you’ll be able to write off many of the fitness related expenses.
Runner’s world reports:
“The legislature is a little complicated, but in layman’s terms, if this bill becomes law, then many athletic-related expenses would fall under the definition of health care expenses—which are already tax-deductible for up to $1,000 (or $2,000 if you file jointly) of your pre-tax allotments.”
Regardless of what happens it’s interesting to see the government standing behind physical fitness – especially as a component to total health. And perhaps it will help engage a few reluctant souls in bjj once the cost margin is lowered. And it’s always fun to get a little creative when using the power of the tax code once filing season comes around.