Tax return: pets and declare them on your tax return

Taxpayers consider their pets part of their family and some people even have insurance for them, but can you claim them on your IRS return?

Although they are not considered dependents in the eyes of the IRS, there are very limited situations in which you can claim expenses related to them.

Pets get expenses between the costs of raising them and when they need surgeries or medical attention.

Some credits are available on your 2021 tax returns.

IRS: Errors Impacting Your Tax Return and Refund

Here are all the ways pets can earn you tax credits

If a pet works and earns you money, you must declare it on your tax return.

Keep track of your expenses to report the correct amounts in case you get audited.

Pet related businesses

If you are a rancher, you can deduct business expenses as you would for any other business.

These can include food, vet bills, and other expenses related to maintaining animal husbandry.

IRS: Help with volunteer tax returns explained

Famous Pets

Some pets are famous and make a lot of money for their owners.

They do this by appearing in media such as calendars, TV shows, and advertisements.

It costs money to feed, maintain and care for them.

These costs can be deducted.

Tax Filing: The Dates You’ll See Average IRS Refunds of $2,200

Animals working for a company

Dogs are sometimes used as protection in businesses, so the cost of maintaining them can be deducted.

This type of dog must be a certified guard dog.

Farm dogs also count when working as laborers tending other animals.

Service animals

Service animals help people with health issues, and it can be deducted from your taxes.

These types of animals are not considered pets.

Normally, dogs are the types of animals used for service, but it can be any animal trained to provide assistance to a person with a disability.

Documentation must be provided by a professional certifying that it is a service animal.

Donate to animal shelters

You can make tax-free donations to animal shelters and charities that can then be deducted from your tax return.

It can be money, food or things the animals need.

Volunteering is not deductible.

The reception of animals is also not deductible.