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If you recently took your pet in for a surgical procedure, you may have been shocked with the price tag and may be wondering if there is any way to save on this expense come tax time with a write off. While a write off is possible, it’s only under some circumstances.
A bill was introduced in 2009 to ensure that people with pets get up to $3,500 tax refunds each year for the cost of qualified pet care. Despite being a lawmaking piece that would have saved pet owners a lot of money, the HAPPY (Humanity and Pets Partnered through the Years) Act did not pass. However, even though this bill didn’t pass, it doesn’t mean you can’t write off the surgery.
As you can see, there are some ways to write off your pet’s surgery; however, for most of us pet owners, you’re going to be limited with any sort of tax deduction. If you think you fall in any of the guidelines mentioned above, consider talking with your accountant come tax time for more information.
Stephanie Lynch is from howmuchisit.org, the Internet’s largest cost research database. In her free time, she enjoys spending time with her family, hiking the mountains of Arizona and reading.