Tax Break for Pet Owners
If you’ve ever struggled to medically save the life of a dying pet, you know the end-of-life costs can be extravagant if you choose to try prolong life instead of just ending it. A year ago, I wondered in an article — Deducting the Cat — why pets weren’t considered part of the family and eligible as tax deductions for their veterinary care. I was delighted to learn this week there is now a move afoot to allow a $3,500.00USD “pet deduction” on your income tax.
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