Is a Dog Your Tax Refund’s Best Friend?

Tax Deductions and Credits Stocksy_txp23d7fbc9NoX000_Medium_411578
National Dog Day is the perfect day to reflect on all of the fantastic benefits, responsibilities, and fun that come with being a dog owner.
Taking care of a dog can be an incredibly rewarding experience. The love and affection you receive from your furry friend is well worth the time, attention, and money you give to make sure they’re doing well.

Puppy Love and Tax Deductions

Though you may treat your dog like your child, the IRS does not let you claim them as dependents on your taxes. However there are some handy tax deductions you should be aware that may help you come tax time which may lead to a bigger refund.
Here are some to check out:

Animal Shelters

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.

Guard Dogs

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.

Learn More About Pets and Taxes

Like many tax related questions, the answer to taking tax deductions depends on you meeting qualifying circumstances as determined by the IRS. If you have any questions about taxes and pets, you can check back with the TurboTax blog.  Also, when you use TurboTax you don’t need to know about the tax laws.  TurboTax ask you simple questions related to you and gives you the tax deductions you are eligible for based on your answers.

Thoughts on Pet Related Tax Deductions

How many of you are dog owners? Do you have any stories of your furry friend you want to share?

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