There’s very little that most people wouldn’t do for their furry friends. But considering that pet expenses can get costly — the average pet owner spends about $140 a month, or $1,680 a year, on their pet — it makes sense to save money where you can. That’s especially true if your pet has major health issues.
One way you might be able to lower your expenses is by taking pet-related tax deductions. Unfortunately, you can’t claim pets as dependents, but you may be able to write off some expenses depending on the role they play in your life.
“It comes down to how the animal is classified and having the proof you need to claim the deductions,” said Edwin Plotts, director of growth at Pawlicy Advisor, a pet insurance marketplace.
To get any of the five animal-related deductions below, you have to itemize your taxes. Whether that makes sense depends on if your total deductible expenses are above the standard deduction amount of $12,950 for single-filers and $25,900 for joint filers and 19,400 for heads of household.
Service animals
If you’re blind, deaf, use a wheelchair, have post-traumatic stress disorder (PTSD) or one of several other disabilities, and you rely on a guide dog or service animal for help, you could be eligible for several tax deductions.
You might be able to deduct expenses for food, training, grooming, and veterinary costs, Plotts said. You should be able to deduct any expenses above
