Can Delawareans Write Off Their Pets This Tax Season?
Can Delawareans Write Off Their Pets This Tax Season?
A survey conducted in 2021 found that pet owners in Delaware spent $311.90 per month. That’s a big jump from Idaho pet owners, who spent on average just $20 per month.
Delaware pet owners spend the most of all pet owners across the U.S. who participated in the survey.
In another study done by CNBC , the results showed the varying costs of pet services in each state.
It was determined that Delaware was the most expensive state to own a pet in general.
Take a look at some of the pet owner’s costs below:
- Annual food cost: $1,609.44
- Pet insurance: $548.40
- Vet visit: $66.95
- Vaccines and spaying/neutering: $639.70
- Total: $2,864.49
It left us wondering if there was any way for individuals to recoup these costs come tax season.
You’ve probably heard someone with a dog or a cat joke about writing off their pets as dependents. But can it really happen?
Can Delawareans Write Off Their Pets This Tax Season?
Unfortunately, you cannot claim your pets as dependents. But, you may be able to write off some of the expenses depending on the role your pets play in your life.
It all comes down to how the animal is classified according to Yahoo Finance.
You must first start by itemizing your taxes.
If you are blind, deaf, use a wheelchair, have PTSD or one of several other disabilities, you may have a guide dog or service animal.
You could be eligible for tax deductions if this is the case.
Although, you don’t only have to have a disability to meet the requirements.
Maybe your pet gives you comfort or acts as a support animal.
In this case, you could potentially deduct expenses for food, training, grooming, veterinary costs, etc.
The animal would have to be certified as such. You can check with the IRS for more info on this.
