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Posts Tagged ‘IRS’

Tax deduction for pet care coming?

Friday, August 21st, 2009

News from the American Animal Hospital Association could affect all of us who have pets. If you support this, please contact your legislators!

A recent bill brought before the U.S. House of Representatives could pave the way to making veterinary care more affordable to everyone. One legal expert says that the bill is also a step in the right direction toward a proper designation of companion animals in the eyes of the law.
The Humanity and Pets Partnered Through the Years (HAPPY) Act was introduced to the House on July 31 by Rep. Thaddeus McCotter (R-Mich.)
The bill proposes to amend the Internal Revenue Code to allow up to a $3,500 tax deduction for qualified pet health care expenses for qualified pets. According to the bill, “qualified pet care expenses” means money paid for the care of the pet, not including its purchase, and a “qualified pet” is defined as “a legally owned, domesticated, live animal.”

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