While the IRS won’t let you claim your fur babies as dependents — they’re generally considered a “personal expense” — pets can still fetch you some extra tax breaks in some very specific cases, particularly if you have a service animal or you’re fostering a pet from an IRS-approved nonprofit.

Can I deduct pet expenses on taxes?

Unfortunately, deducting medical expenses for pets is not allowed as a medical expense on your tax return. The only exception would be if your pet is a certified service animal, like a guide dog. Therapy animals are not considered certified service animals by the IRS.

Are over the counter drugs tax deductible?

Don’t forget to include the cost of insulin and prescription drugs – but note that over-the-counter (OTC) medicines are not deductible. Perhaps somewhat surprisingly, OTC equipment and supplies can be deductible, however.

Can you deduct the cost of a pet on taxes?

As you can see, in most cases, even though your pets are technically dependent upon you, the cost of owning a pet does not translate to a tax deduction. While your pet may not be a deduction, TurboTax can help you get your maximum refund.

What makes a pet qualify for a service animal deduction?

To qualify, the specially trained Service Animal must be helping with certain medical conditions including: Severe diabetes (for expenses incurred after 2013). If your pet has received specialized training and your medical condition is listed above, you may be entitled to claim a wide range of expenses.

Can You claim a pet as a dependent on your tax return?

Even though pet parenting might feel like a full-time job, you can’t claim them as a dependent on your tax return. But you might be able to qualify for pet-related tax deductions that can help you keep more of your hard-earned money in your pocket. Here’s what you need to know about getting tax deductions for your pet in 2021.

What kind of dog can I claim on my taxes?

The breed of animal you own will play a significant role in the IRS approving or rejecting your claim. For instance, owning a mastiff or a pit bull lends credibility to the guard dog claim, while a smaller breed such as a Yorkie or Maltese might not be as convincing.