The PHIT Act would allow Americans to use pre-tax healthcare dollars from HSA and FSA funds on fitness expenses.
As fitness industry leaders advocate for the passage of bills like the PHIT Act, new data shows the industry's growing importance in America.
The PHIT Act would allow Americans to unlock pre-tax health savings and spending accounts (HSA/FSA) to pay for fitness expenses.
IHRSA staged its second Fly-In & Advocacy Summit in Washington, D.C., as the fitness industry continues its fight for better legislation.
The PHIT Act, which has bipartisan support in Congress, would allow Americans to use pre-tax funds to pay for fitness-related expenses.
The PHIT Act will ensure health & fitness products & services receive the same tax treatment as those necessary for maintaining health.
If passed, the PHIT act would let individuals to use up to $1K/year—up to $2K for families—to cover physical health-related activities.
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