Is it possible to deduct my gym membership dues when filing my taxes? —JULIAN L., DAVIS, CA
Not if you want to avoid getting audited, says Eugene Steuerle, Ph.D., a Washington, D.C.-based economist and author of the tax bible Contemporary U.S. Tax Policy . “Even if they were deductible,” he says, “they’d be subject to a ‘floor,’ which means only expenses above a certain amount can be deducted. For 2013, only health expenses in excess of 10% of income is deductible.” So unless you can find a way to justify your body as a charity organization, this is one deduction to avoid.
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