Tax Deductions for Service Animals 2021
- vm.acc4u@gmail.com
- Nov 3, 2021
- 1 min read
If you have a service animal, you may get a tax break under the Medical Expense deduction. To qualify, your medical expenses paid during the year must exceed 7.5% of your adjusted gross income. As such, you may be able to get a tax deduction for pet expenses if your pet helps you in a medical capacity or performs certain services.
As you gather up all the receipts for animal-related expenses, make sure to locate any documentation qualifying the pet as a service animal.
CONTACT US TODAY if you have any questions.
Sincerely,
Maryna Varabyova, CPA
(877) 677-3737
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