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Congress Considers Tax-Deduction for Pet Costs

August 27, 2010 by Tails Magazine in Chicago, Legislation with 0 Comments

DogMadeOfMoney

As many pet-owners know, proper pet-care can be an expensive pursuit. For example, I recently took my cat to the vet to treat a urinary tract infection and managed to rack-up a bill to the tune of almost $200.

Currently, pet care costs are non-tax deductible— but under the Humanity and Pets Partnered Through the Years (HAPPY) Act, individuals could deduct up to $3500 a year for “qualified pet care expenses.”

“HAPPY,” or more specifically, “H.R. 3501,” was introduced by Michigan Representative Thaddeus McCotter, and would cover expenses related to pet care as well as veterinary care, but not the cost of adopting or buying an animal, given that your pet is a “legally owned, domesticated, live animal,” according to The Examiner.

Utilizing the tax code properly not only encourages responsible pet ownership by making it more affordable for pet owners to provide adequate veterinary and other necessary pet care, but also reduces the abandonment and unessesary euthanization of pets by people struggling financially as a result of the economic recession.

You can let your representatives know that you appreciate their efforts to support responsible pet ownership by asking them to consider H.R. 3501 favorably.

This bill is currently being considered by the House Ways and Means Committee.

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