Happy National Golf Day: Golf Tax Deductions For Everyone?
/The annual visit by golf's suits to the Capitol has a more defined purpose today, May 18. Besides the talk of $70 billion in economic activity, how to form killer acronyms and maybe even share some findings from golf's millennial task force meetings, there is a bill the golf world would like to see passed.Mike Johnson reports for GolfDigest.com that the inactivity of too many Americans has led to the PHIT Act incentivizing folks to write-off sports activities as part of medical expenses.
Because if the PHIT Act passes as currently constituted it would, along with several other physical-fitness expenses, make golf camps and clinics, lessons and training aids, green fees and driving-range fees, tournament fees and, wait for it . . . golf balls and golf clubs tax deductible up to $1,000 for an individual or $2,000 for a head of household or family.
Johnson says support is low right now, after golf's suits wow them with stacks, anything is possible.