Is Your Dog a Tax Write-Off?
We all know there are only two sure things in life: Dogs and taxes. Or something like that. With only a few days left until the deadline for filing your taxes for 2009, you may want to consider whether your dog can be a deduction.
For most people dogs aren't legitimate deductions. Legislation slowly making its way through Congress (HR 3501 The HAPPY Act) may change this so people can deduct up to $3500 in pet medical expenses. But until that happens, there are still a few areas where dog expenses are tax deductible. People with guide dogs and certain service dogs may qualify, as may people whose dogs are a major part of their income. But rules are always changing, so talk to your tax preparer. If your dog can help you keep a little of your hard-earned money, then score another point for human's best friend!
(Are there any tax experts in our Dogster audience? If so, we'd love to hear from you about this matter.)