{"id":1303,"date":"2017-01-23T06:00:28","date_gmt":"2017-01-23T06:00:28","guid":{"rendered":"http:\/\/happypetsinfo.com\/blog\/?p=1303"},"modified":"2017-12-05T21:02:50","modified_gmt":"2017-12-05T21:02:50","slug":"pet-related-tax-benefits","status":"publish","type":"post","link":"https:\/\/happypetsinfo.com\/blog\/pet-related-tax-benefits\/","title":{"rendered":"Pet-Related Tax Benefits"},"content":{"rendered":"

Pet-Related Tax Benefits<\/strong><\/h1>\n

\"\"<\/a><\/p>\n

Most pet owners will tell you that their pet is a member of their family, but when it comes time to do your taxes, the IRS disagrees.\u00a0 That means you get no tax exemption for all the love and care that you provide for your pet.<\/p>\n

But, there are situations where you can deduct some of your pet-related expenses if you fall within certain situations.\u00a0 The terms are pretty specific, but it\u2019s worth looking into when you visit your accountant or tax preparer in the coming months.<\/p>\n

Charitable Donations to Rescue Shelters<\/span><\/strong><\/h4>\n

Although the cost of adopting a dog or cat from a shelter is not deductible, any donations made in excess of regular \"\"<\/a>adoption fees are deductible.\u00a0 Only those donations made where no goods or \"\"<\/a>services are received in exchange (i.e., your new pet) can be deducted.\u00a0 When you make donations to your favorite animal 501c animal charity (mine are BARCS<\/a> and Baltimore Bully Crew<\/a>), be sure to ask for a letter of receipt that states that no goods or services were received.<\/p>\n

Donations of goods or services to an approved charity are tax deductible, and when you donate ask for a donation receipt.\u00a0 The value of your donation will need to exceed $250.<\/p>\n

If you raise dogs for a charitable organization, such as Guide Dogs for the Blind, the costs associated with providing for them qualify for a charitable deduction.<\/p>\n

To deduct a charitable contribution, file a Form 1040 and itemize deductions on Schedule A.<\/p>\n

Fostering Pets\"\"<\/a><\/span><\/strong><\/h4>\n

Expenses you incur in caring for foster animals from a qualified nonprofit organization (recognized by the IRS with the 501(c)(3) designation) are deductible (by using Form 1040 on Schedule A as charitable donations. These must be unreimbursed expenses in order to get the deduction, and they should be defined as going toward caring for the fostered animals, such as food, supplies, and vet bills. Most organizations already provide medical care and food for these animals, but any out-of-pocket expenses necessary for their care that are not provided or reimbursed are deductible.<\/p>\n

Guard Dogs<\/span><\/strong><\/h4>\n

\"\"<\/a><\/p>\n

Although the IRS takes a hard stance on deducting the cost of animals as a business expense, they will allow it if a dog is used to guard and protect your work premise and inventory. Standard business deduction rules still apply, and you must show that the keeping of an animal on your work location is ordinary and necessary in your line of business. \u00a0Size and breed would definitely matter, as a breed that is typically used for such jobs carry weight, where a Yorkie or Chihuahua would not. Guard dog-related expenses such as food, training, and veterinary bills would be allowable if you keep well-documented records of the dog\u2019s work-related purpose and his hours \u201con duty\u201d.<\/p>\n

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If you are moving due to a work-related situation (new job or job reassignment\/relocation), you can deduct costs associated with transferring your pet to your new home.<\/p>\n

There are some requirements for this benefit:<\/strong><\/h5>\n

Your move must be closely related to the start of your work<\/p>\n

You must pass the distance test \u2013 Your new job location must be at least 50 miles farther from your old home than your old job location was.\u00a0 If you are starting a new job and did not have a former workplace, your new job location must be at least 50 miles away from your old home. According to the IRS the distance is determined by using the shortest of the most commonly traveled routes.<\/p>\n

You must pass the time test \u2013 You must work for an employer full-time in the vicinity of your new job location for at least 39 weeks during the year following your move. Keep in mind that the 39 worked weeks do not have to be consecutive or even with the same employer, which means you are free to change jobs after you move. If your employer transfers you or fires you after you move, the IRS will overlook the 39-week requirement. There are also some exceptions for disability, death, involuntary separation, and other unique situations.
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