pet expenses

Pets
8:45 am
Sat April 13, 2013

Tax Deductions for Pets

Are you sure I am not deductible?
Credit KNorton

Most folks know that expenses related to the care and well-being of a pet are not deductible on an individual's income tax return.  Or are they? 

********************************

With the deadline coming up for filing personal income tax returns, a lot of us are looking for deductions wherever we can find them.

More than one pet owner has thought about deducting a few extra medical expenses for those veterinary bills last year. After all, the vet is a “doctor” and your pet is a member of the family – a dependent, really, in the truest sense of the word.

Read more