I am aware of the PHIT Act that would allow taxpayers to deduct fitness club membership fees among other things. However, this act hasn't passed yet.
Right now my employer pays for my fitness club membership but it is reported at imputed income on my pay stub at a rate of $80 per pay period. So I am effectively paying taxes on the $1900/year membership. Is there any way I can deduct this for my 2009 tax returns?
Why should gym membership be tax deductable? Just stay home, become obese, and write off the medical expenses of your cardiac bypass surgery.
Crazytree
Senior Member - 7K
posted: Oct. 29, 2009 @ 7:35p
so this is not subject to the 7.5% AGI threshold?
Crazytree
Senior Member - 7K
posted: Oct. 29, 2009 @ 7:36p
anyone know what the chances of this passing are?
if it looks good... it might be a good time to invest some money with the Devil... AKA a national gym corporation.
staci86
Senior Member
posted: Oct. 29, 2009 @ 7:38p
tripleB said: Why should gym membership be tax deductable? Just stay home, become obese, and write off the medical expenses of your cardiac bypass surgery. Why write it off when you can demand, err I mean vote, that your neighbor should pay for it?
ThursdaysChild
Missed.
posted: Oct. 29, 2009 @ 8:19p
Get a note from your doctor saying yuo are fat and have to join the fitness club. Or tell your employer not to pay for you and join a cheaper club.
Swivelguy
Senior Member
posted: Oct. 29, 2009 @ 9:26p
Gyms that look like this should be tax deductible: Good
Jobowoo said: I am aware of the PHIT Act that would allow taxpayers to deduct fitness club membership fees among other things. However, this act hasn't passed yet.
Right now my employer pays for my fitness club membership but it is reported at imputed income on my pay stub at a rate of $80 per pay period. So I am effectively paying taxes on the $1900/year membership. Is there any way I can deduct this for my 2009 tax returns?
If you are paying taxes on $1900 per year, and you are at about 30%, that would cost you over $600 per year. 24/hr fitness sport costs me $100 per year. It may be more worth it to you to opt out, if possible and join a cheaper gym.
Then again, if you can write it off, it wont matter.
alex1432
Tired Member
posted: Oct. 30, 2009 @ 6:49a
mewannaxbox said: tazzy531 said: Swivelguy said: Gyms that look like this should be tax deductible: Good
Meh! Your standards are too low. If my tax dollars are subsidizing gyms, it better be for this type of gym: Good
If gyms had people that looked like that, I bet many people would suddenly become fit.
I don't know about fit, but I'm thinking the chairs on the side of the gym would be filled to capacity. Or perhaps people just sitting on the machines not doing anything but pretending to work out while staring.
Some of you guys have cheap gyms nearby. All the big chains are at least $60-70/mo near me (DC Metro area). Those contract places (like Bally's) can be had for $20/month, but you have to stay at that particular gym for 2 years.
My work only deducts taxes if you're forced to go to a gym for health reasons (signed by doctor).
You know now you can get an abs implant? I wonder how it looks on someone with a love handle though. While you are at it, they also can do a calf implant. I have a former colleague who got addicted to it. Now she has an annual home improvement surgery done. Then we have to listen to her voice mail while off, in pain, recovering, and taking pain pills.
ThursdaysChild said: Get a note from your doctor saying yuo are fat and have to join the fitness club. Or tell your employer not to pay for you and join a cheaper club.
Even if it were a qualified medical expense (which it's not), it would be subject to the 7.5% floor. Only medical expenses in excess of 7.5% of AGI are deductible.
You can include in medical expenses amounts you pay to lose weight if it is a treatment for a specific disease diagnosed by a physician (such as obesity, hypertension, or heart disease). This includes fees you pay for membership in a weight reduction group as well as fees for attendance at periodic meetings. You cannot include membership dues in a gym, health club, or spa as medical expenses, but you can include separate fees charged there for weight loss activities.
You cannot include in medical expenses the cost of a weight-loss program if the purpose of the weight loss is the improvement of appearance, general health, or sense of well-being. You cannot include amounts you pay to lose weight unless the weight loss is a treatment for a specific disease diagnosed by a physician (such as obesity, hypertension, or heart disease). If the weight-loss treatment is not for a specific disease diagnosed by a physician, you cannot include either the fees you pay for membership in a weight reduction group or fees for attendance at periodic meetings. Also, you cannot include membership dues in a gym, health club, or spa.
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