H. R. 1506 proposes changes to the Internal Revenue Code of 1986 to consider certain water safety and swimming lesson expenses as medical expenses. If passed, individuals can treat up to $500, or $1,000 for joint filers or heads of household, spent on basic water safety and...
Simple Explanation
H.R. 1506 is a plan to let people save a bit of money on taxes if they spend up to $500, or $1,000 for families, on swimming and water safety lessons to help keep them safe in water. But, these lessons can't be for learning how to swim fast in races, and no single item of gear should cost more than $100.