Is your pet a tax deduction?

That April 15th tax deadline is coming up soon!  Here are some ways your pet could become a tax deduction!

#1 – Guide Dog

If you utilize a guide dog due to reduced vision or hearing, you might be able to deduct the costs of buying, training & maintaining that animal under medical expenses!

guidedog.org
Photo from Guidedog.org

#2 – Guard Dogs

If you are using a dog as a guard dog it may count as a business deduction!  The IRS may ask you to prove that keeping the dog on work premises is necessary & some sort of demonstration as how it helps protect your inventory.  It also helps if you have a breed that is typically used for that job.

guard dog
sign available at harbor freight

#3 – Moving Costs

You probably knew that you could deduct the cost to move for your stuff.  However, did you know that you could also deduct the cost for your pets?

082808_cat
Photo from womaninthrisis.com

#4 –  Animal Adoption Fees

Animal adoption fees above and beyond the typical adoption fee may be seen as a donation to a nonprofit so you may be able to deduct part of the cost of your new pet!

rabbit
photo from rabbit.org

#5 – Fostering Animals

If you have any un-reimbursed expenses for fostering a pet for an IRS qualified adoption organization you may be able to deduct them!

fostercarepageheader1

#6 – Professional animal

If your pet works in show business they might be tax deductible!  It must be documented, business-related and a reasonable expense.

bird-show1
angkortransportservice.com

#7 – Hobby Expense

Any hobby related earnings are taxable income.  However, you may be able to use the hobby’s expenses to offset the hobby earnings.  All expenses must be itemized.

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Note:  I am not a professional tax advisor.  Always consult a professional  tax advisor for tax advice.

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