How Your Pet Can Dig Up a Tax Deduction

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Americans love their pets, and they aren't afraid to open up their wallets to take care of them. Americans spent close to $60 billion on pet expenses during 2014, according to estimates from the American Pet Products Association. Between food, veterinary care and other supplies, it's easy for costs to add up.

As the dog days of tax season approach, one question that many people have is whether there's any way they can get any sort of tax break for their pet expenses. As outlandish as it might sound, there actually are some perfectly legal tax deductions you can claim from what you spend on your pets. Before turning to those deductions, let's first take a look at what you can't do with pet expenses.



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