Pets and Taxes: What You Need to Know

Tax season is here and we are all looking for ways to get the most money back at the end of the year. Have you thought about how your four legged family may be able to help? Here is a list of resources in one spot so you can determine if your pet’s expenses are tax deductible.

According to the sources below, if you meet certain requirements, you may be able to write certain expenses off and in some cases claim your pet as a dependent. There are some situations where you may be able to claim certain pet-related expenses as deductions. If you are unsure about whether you qualify for any of these deductions, consult with a tax professional for guidance.

Can You Claim Pets on Taxes? Guide to Pet Tax Deductions

https://www.annuity.org/personal-finance/taxes/tax-deductions/pet-owners/

5 Best Tax Deductions For Pet Owners In 2021

https://www.forbes.com/sites/davidrae/2021/04/02/5-best-tax-deductions-for-pet-owners-in-2021/?sh=3aed8dcf242b

How to Claim Your Pet on Your Taxes

https://www.jacksonhewitt.com/tax-help/jh-tax-talk/how-to-claim-your-pet-on-your-taxes/

Can You Claim Your Dog On Your Taxes? (Pet Deductions 101)

https://blog.turbotax.intuit.com/tax-tips/can-i-claim-my-pet-as-a-dependent-53/

Are Your Pet Expenses Tax-Deductible? - AARP

https://www.aarp.org/money/taxes/info-2018/tax-deductions-for-pet-expenses.html

Can You Claim Pets on Taxes?

https://www.embracepetinsurance.com/waterbowl/article/can-you-claim-pets-on-taxes

It's important to note that claiming pet-related expenses on your income taxes can be complicated, and it's always a good idea to consult with a tax professional before making any deductions. Additionally, it's important to keep detailed records of all pet- related expenses, including receipts and invoices, in case you are ever audited by the IRS.