A TAX DEDUCTION - FOR YOUR PET

[Edward]

Saw this under "Smart Spending Blog - MSN MONEY" today: Is this an idea whose time has come? A new bill in the U.S. House would allow pet owners to deduct up to $3500. for "qualified pet-care expenses" for household pets, including vet bills. Would this so-called HAPPY (Humanity and Pets Partnered Through the Years) Act give pet owners a break they deserve? It might encourage more people to adopt abandoned or neglected pets? With 2 dogs this would be great for me. Your thoughts?

[mcb39]

Saw this under "Smart Spending Blog - MSN MONEY" today: Is this an idea whose time has come? A new bill in the U.S. House would allow pet owners to deduct up to $3500. for "qualified pet-care expenses" for household pets, including vet bills. Would this so-called HAPPY (Humanity and Pets Partnered Through the Years) Act give pet owners a break they deserve? It might encourage more people to adopt abandoned or neglected pets? With 2 dogs this would be great for me. Your thoughts?

I have childless couples ask that question every year. :rolleyes:

[JohnH]

Can't wait to hear the questions from clients if this went anywhere.

"Does my chinchilla count? How about my kid's turtles, ant farm, boa constrictor, etc?"

[joans]

Depends on what they consider "Qualified" Always the stipulation. I think it is a good idea for the people who can't/don't have/want kids. Their pets are their kids. Here's hoping:))

[kcjenkins]

Not to mention all the 'empty nesters' that now have only their pets for companionship. Hey, how about HOH status for anyone with three or more pets?

[GeneInAlabama]

A while back my cousin asked if there was any way he could get more deductions. I told him if he could get a social security number for his pet parrot and his dog, I might be able to help him out.