Chico, Calif. -- Your gym membership could soon be a tax deduction?
A 2015 study shows that 55 million people were members of one of the 36,000 health clubs in the United States.
In fact, North America has more fitness centers than anywhere in the world, and last year, Americans spent $19 billion dollars on their gym memberships.
This is sort of the reverse idea of "sin taxes" - added taxes on products like sugar, nicotine, alcohol (things that are considered "bad" for us by the government).
Well, congressional lawmakers recently advanced a bill that would give favorable tax treatment to things like exercise classes and workouts at the gym.
If passed, gym memberships and certain other exercise costs could qualify as medical expenses for tax purposes.
However, to qualify for this you'll have to itemize your deductions.
The tax break would be limited to $500 if it's just you, and and$1,000 for heads of households and couples who file joint tax returns.
There's no guarantee on this one; it still has to pass the House and Senate to become law.
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