Puppy Love and Tax Deductions
Do you give donations and/or volunteer at your local non-profit animal shelter? Keep receipts and letters as you may be able to claim tax deductions for your donations and some expenses of your volunteer work if you foster pets for the organization.
Are you planning on a big move? If you’re relocating your pet to your new home, you may be able to deduct expenses related to moving your dog provided it’s job related.
Service and Therapy Animals
If you’re beloved is a service animal, such as a guide dog, you can deduct your expenses you incurred from buying, training, and taking care of him. This could include food and vet care (as it relates to your pet’s duties). Please keep in mind that your pet must be certified and trained as a service animal.
Run a business and have a guard dog? You may be able to deduct expenses such as food and vet visits as business deductions if the dog is used to protect your business. To keep things legitimate, make sure you keep accurate and thorough records of your pet’s ‘work hours’ on the premises. As weird as it sounds, just like other business deductions, your dog’s value must be depreciated for tax purposes.