As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:
A House panel is prepping a new tax break for gym memberships, fitness classes, and other workout expenses, as incentives for health.
Golf, however, would be specifically excluded, as would horseback riding. Country clubs, too, wouldn’t get a share of the break.
The article goes on to state the following:
The break is one of a package of bills meant to expand health savings accounts and alter Obamacare the House Ways and Means Committee began working on Wednesday and will continue reviewing Thursday.
The legislation in question, authored by Rep. Jason Smith, R-Mo., would allow individuals to spend up to $500 annually from their tax-privileged HSAs on gym memberships and other sports and fitness expenses. Ron Kind, a Wisconsin Democrat, co-sponsored the bill.
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