Your Pet Expenses Might be Tax Deductible

taxes

Some of your pet’s expenses may be deductible if your pet generates business income. If you raise guide dogs for a charitable organization or you foster or rescue animals for an IRS-approved charity, their expenses may be deductible.

To find out more about deductible expenses, speak with your tax professional or review IRS Publication 17, Part 5, Standard Deduction and Itemized Deductions.

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