• Brainstorm Health: Gym Tax Deduction, Zogenix Stock, J&J Verdict

    3 monthes ago - By Fortune

    Happy Friday, readers! This is Sy.
    On Thursday, the powerful House Ways and Means Committee advanced legislation that would let Americans write off fitness expenses as a tax deduction. The bill, dubbed the Personal Health Investment Today, or PHIT Act , is enthusiastically backed by health care companies and nonprofits like Fitbit, the American Heart Association, Nike , the Sports and Fitness Association, and others; it passed through the committee on a bipartisan 28-7 vote .
    If signed into law, the PHIT Act would amount to a tax break for gym memberships, fitness classes, and the purchase...
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  • US House Panel Approves HSA Bill Package, Further Delays Cadillac Tax

    4 monthes ago - By A.M. Best

    A U.S. House committee passed a $92 billion package of bills to expand Health Savings Accounts - including provisions to provide new medical deductions for gym memberships - and further delay the ...
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