Now that the winter holiday season is almost over, you know what comes next! That’s right – tax season! But what do taxes have to do with pets? Although most pet owners will probably tell you that they consider their pets to be a part of the family, and I personally don’t even want to think about how much a year I spend on mine, the IRS seems to take the stance that dependents have to be human. Since they can’t be claimed as dependents you might be asking, is there any way pet owners can claim pet expenses on taxes?
Keep in mind that the IRS is pretty strict about how deductions are calculated. If you’re claiming any of these pet-related deductions, you will need to be able to provide proof of the expenses and why you are claiming them. Keep in mind, I’m far from a tax expert. If you have any questions I’d recommend speaking with someone who is!
Again, I am far from a tax expert. If you plan on using any of these tips to claim pet expenses on your taxes I recommend you first do your own research and/or talk to a tax professional. Claiming these pet related deductions comes with certain limitations. You will want to make sure you have the proper documentation.
Unfortunately, pets can’t be claimed as dependents. This means that most people won’t be able to claim Fluffy and Fido on their taxes. The best way, currently, to help animals as well as your bottom line come tax time is to donate to a recognized animal related nonprofit.
People should certainly never purposely take in pets that they are not prepared to be financially responsible for. But, especially in today’s financial climate, unexpected things do happen. You may not be able to claim your pets on your taxes. But if you find yourself in a difficult financial situation remember that help is out there! Check out our list of organizations that help provide financial help with veterinarian care. Also, don’t be afraid to reach out to your pet’s veterinarian or any local animal rescue organization. If they aren’t able to give you and your pet the help that you need, they may be able to direct you towards an organization that can.
Comment below! Are you looking forward to tax season (note my sarcasm there!)? Have you ever been in a position to be able to claim any of your pets expenses on your taxes?
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