Is tax deductible gym membership a valid tax write-off?
Gym memberships are typically considered personal expenses and are not deductible on your tax return. However, there are exceptions for certain self-employed individuals or businesses if the gym membership is part of a wellness program that is provided to all employees and is primarily for the benefit of the employer. Additionally, if a doctor prescribes a gym membership as part of a treatment plan for a specific medical condition, it may be deductible as a medical expense, subject to the 7.5% of AGI threshold for medical expenses.