How to Claim the Fitness Tax

The Fitness Tax Credit (FTC) offers a wonderful way to pay for your fitness
program. By having a certified tax accountant file your return for you, you can
claim a tax credit of up to $250 per return.
It’s the 21st century and we’re helping the government save money by cutting
back on our expenses. Let’s face it, we all have to tighten our belts and make
smarter decisions. The fitness tax credit will save you thousands in the long run.
With the right strategy, it can be worth your time and energy to claim this credit
for you and your family.
What is the Fitness Tax Credit?

The Fitness Tax Credit is a tax credit granted to qualifying individuals who pay for
qualified fitness expenses. Because it is a tax credit, the amount of the credit is
determined by law. The amount of the credit is $250 per individual, per year.
There are a few different types of qualifying expenses that can be claimed on
your tax return. They are:
Home health aide – This is the mildest form of expense. Home health aides are
not certified to provide medical services. They may be able to help with
housekeeping, feeding, and bathing.
Mobility expenses – These are expenses for classes or equipment for personal
training.
The refundable portion of the credit is limited to the amount of income taxes paid
by your family during the tax year.

How to Claim the Fitness Tax Credit: The Simple
Process

You must have a tax accountantto help you with your tax return. They will
determine if you qualify for the credit and provide you with the necessary forms.
You can apply online at gofitness.com, by phone at 1-800-829-4050 or in person
at an IRS office.

You can also download the free IRS formularies and enable paperless filing at
the IRS website.

What Can You Receive with the Fitness Tax Credit?

You can receive a tax credit even if you do not have to pay taxes on the amount
of the credit. The IRS defines this as:
Any amount paid by you, your spouse, or members of your family for qualified
fitness expenses. Whether the expense is for fitness equipment or healthcare,
the expense must have been for a fitness program. Whether the expense is for
fitness equipment or healthcare, the expense must be related to the purpose of
your gym membership or healthcare provider.
When you receive the credit, you can write or total the amount on your tax return.

How to Apply for the Fitness Tax Credit: The Simple
Process

You can apply for the fitness tax credit at any time. The earlier you apply, the
better. You will need to provide the following:
Your social security number
Your income tax identification number
The name, address, phone number, and taxpayer identification number
(sometimes called taxpayer account number) of the taxpayer you will be
representing
A statement of the expenses for which the credit is claimed
A photocopy of your federal income tax return for the previous year

How to Find out if You Qualify for the Fitness Tax
Credit

You can check the status of your application by going to gofitness.com and
clicking on the “My Account” tab. From there, you can view recent activity, track
your refund, and check the status of your application.
You can also call the help number at 1-800-829-4050 and ask for the tax credit
program. If you are still unable to apply for the credit, you can also send us your
materials and we will send you a form to fill out and return.

How to Apply for the Fitness Tax Credit: The Final
Words

If you are interested in the fitness tax credit, follow these steps:
Apply for the credit at the gofitness.com website.

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A statement of the expenses for which the credit is claimed
A photocopy of your federal income tax return for the previous year


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Shop for fitness equipment or pay for healthcarearentably on your tax return. You
will need to include the total cost of the equipment or medication.
If you get a refund, report the amount received to the IRS and include the amount
received in the tax credit.
If you are still unable to take advantage of the fitness tax credit, you can also
write to us at the following address:
Attention: IRS
6555 S. Camp Springs Pkwy, Suite 200
Willow Park, VA 22156
We would be glad to assist you with your claim.

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