Tax time!

This is the time of year that everybody starts to think about tax write offs. Well I have good news, you may qualify to write off your personal training fees. Essentially, you just need to be training for weight loss related to a specific illness such as diabetes, arthritis, hypertension,heart disease,  etc…

You can click below for a referral form to have you physician sign. This is not necessary but is HIGHLY recommended. In addition, this is retroactive, so if you have trained for 3 years and never written it off, you can take the credit all in 1 year. Note that I am not a tax expert, so it is advisable that you run this by one. In addition, you may only write off medical expenses that exceed 7.5% of your adjusted gross income (so don’t get too excited, but it all adds up).

Exercise Prescription and Referral Form

From: http://www.irs.gov/publications/p502/ar02.html#en_US_2012_publink1000179034

“Weight-Loss Program

You can include in medical expenses amounts you pay to lose weight if it is a treatment for a specific disease diagnosed by a physician (such as obesity, hypertension, or heart disease). This includes 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 there for weight loss activities.

You cannot include the cost of diet food or beverages in medical expenses because the diet food and beverages substitute for what is normally consumed to satisfy nutritional needs. You can include the cost of special food in medical expenses only if:

  1. The food does not satisfy normal nutritional needs,
  2. The food alleviates or treats an illness, and
  3. The need for the food is substantiated by a physician.

The amount you can include in medical expenses is limited to the amount by which the cost of the special food exceeds the cost of a normal diet. See also Weight-Loss Program under What Expenses Are Not Includible, later.”

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