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Barbara Weltman

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Write-offs for veterinary care?

September 29, 2024 / By Barbara Weltman

The People and Animals Well-being (PAW) Act (H.R. 9508) would treat certain amounts of veterinary care as expenses paid for medical care for tax purposes. All costs for service animals would be a medical expense. For pets (non-service animals), up to $1,000 in veterinary care plus up to $1,000 for pet insurance, would be treated as such. The measure would make these amounts deductible as an itemized medical expense by those who itemize deductions and, presumably, tax-free distributions from FSAs and HSAs. #IdeaoftheDay

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