There actually are a few legal tax deductions for Spokane cat-parents, but only in explicit instances. Taxpayers need to tread charily when making these deductions by having receipts and documentation to back up these claims, in case the IRS decides to audit your return.
Following are five instances where you could make a deduction:
Cat actors: Taxpayers who are fortunate enough to have a cat in show business can deduct a few of the costs straightforwardly related to the business as long as the expenses are realistic. And this doesn’t include the pictures or videos you take of our own cat and post on Facebook or Cat Channel.
Breeders: Cat breeders are allowed to claim the feeding and care expenses for their kittens and cats as a business deduction, as long as breeding is their career rather than a hobby. If you have an area on your property dedicated solely to breeding, it is also a feasible business deduction.
Adoption: Yes, you can deduct the cost of a donation given to a charitable donation for adopting the cat. And save a life at the same time. These adoption fees generally cover the cost of spay or neuter surgery, microchips and shots.
Foster care: If you fully foster a cat for an animal shelter or rescue organization, you can deduct expenses such as boarding, veterinarian bills, collars, food, leashes, toys and medication
Pest control: If you own a business and your cat helps out in pest control, you could also deduct part of the expenses immediately related to the business as long as the expenses are practical. A couple won a case in tax court, alleging that the cat food used to feed their feral cats should be deductible, because their cats kept their junkyard free from rats and snakes. This case was upheld because they were able to prove that the expenses were indeed, directly related to their business and were reasonable.
It’s tax season and it’s best to consult an enrolled agent or CPA to get expert advice.
Also if you’d like to see your furry friend qualified as a tax deduction in the future, be sure to contact your congressional representative.