H. R. 2369, also known as the "Personal Health Investment Today Act of 2025" or the "PHIT Act of 2025," proposes a change to the tax code that would classify certain expenses related to physical activity and fitness as medical expenses. This includes costs such as gym...
Simple Explanation
The PHIT Act of 2025 is a plan to let people use some of the money they spend on exercise things like gym memberships and workout equipment as medical costs, making it cheaper for families to stay healthy and fit. However, there are concerns about whether the rules are fair and strict enough to prevent people from unfairly taking advantage of this benefit.