6 Ways That Your Pet Can Qualify For Tax Deductions

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Work-Related Pets

You can get some tax deductions on jobs that involve animals. If you're a professional dog breeder, for example, or you race horses, you can deduct many expenses. Even if you just buy a lot of supplies for animal care because you're a dog walker, depending on your job you can snag a deduction.

No matter how minor your job interaction with animals, it could pay to look into a deduction opportunity. Keep all receipts and make sure you can prove that certain items were for job duties.

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Service Dogs

Service dogs and guide dogs, according to the IRS, require some pretty pinpoint documentation so it's important to save receipts, notices, and bills. Keep track of all paperwork from the veterinarian. On the medical expenses form is where you'll find these deductions. Common items that can be written off are leashes and food. From training to veterinarian trips, other things can be deducted as well - even the cost of purchasing the service animal.

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Animal Foster Care

In some instances, if you or your family conducts foster care provisions for animals you can qualify for expense deductions. If for a charity, your household can remove the cost of care entirely from your income. Of course, the charity must be a 501(c) (3) nonprofit, registered properly with the IRS. To prove that your household is fostering animals, the animal shelter can help with paperwork. The IRS can ask to see receipts for stuff like medication, visits, food, and leashes, so save everything and organize files properly so as to avoid any problems.












Categories: Finance

About Author

Chuck Meriwether

Chuck Meriwether is a resident of Tallahassee, FL, and is a public relations manager. It brings him great joy to share his experiences - there are a lot! Some of Chuck's passions include aquatic biology, basketball, and jazz.