Experience Healthy Tax Relief -
Deduct Your Personal Training Expenses this Tax Season

Personal Training Tax Basics 101

While it is always recommended to consult your trusted financial advisor to confirm any tax deductions, it is important to take note that it may be possible for you to deduct part of the costs of your personal training as a qualified medical expense under the IRS tax code. If you qualify for an IRS medical expense deduction, it may be financially beneficial for your doctor or medical practitioner to fill out a fitness prescription that you can use for personal training. The doctor must issue a statement that the treatment is necessary to alleviate a physical or mental defect or illness.

Basically, your doctor fills out a form to show that your participation at a personal training studio is a medical expense you pay to lose weight to treat a specific disease diagnosed by your physician (such as obesity, hypertension or heart disease). This expense can include fees you pay for membership in a weight reduction group, as well as fees for attendance at periodic meetings. You cannot include membership dues in a gym, health club, or spa as medical expenses, but you can include separate fees charged for weight loss activities, such as the specific personal training sessions.

What Expenses Can You Include This Year?

Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.

Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. They do not include expenses that are merely beneficial to general health, such as vitamins or a vacation.

You can include only the medical and dental expenses you paid this year, regardless of when the services were provided. You can deduct only the amount of your medical and dental expenses that is more than 7.5% of your adjusted gross income.

For example, if your adjusted gross income is $40,000, then 7.5 percent of your income is $3,000. If you paid medical expenses of $2,500 this year, then you are not eligible to deduct any of your medical expenses because they are not more than 7.5 percent of your adjusted gross income.

Interested in Receiving More Detailed Information?

If you think you may be eligible to start deducting your personal training sessions on your tax returns this year, contact Fitmotion today to learn more. Fitmotion is here to help support your efforts to qualify for this deduction and to help you reap the benefits of a healthy lifestyle and tax relief this season. 

This is not intended to be advice on your taxes. Consult an accountant for all tax information and advice.

Just fill out this form to receive our FREE report about deducting Personal Training on your taxes:

 

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You can also find more information at the IRS website:

www.irs.gov/publications/p502/ar02.html#en_US_publink100014898


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