6 tax breaks for pet owners [MSN Money]
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: MSN Money
6 tax breaks for pet owners You love your pet He’s like your child after all But the IRS don’t quite see it that way The IRS tak the position that the money you spd on Fido or Fluffy is gerally a personal expse Your pet giv you pleasure like that latte you bought on your way to work this morning But just like your cup of coffee isn’t tax deductible, neither is your pet There are a few loophol, however You might be able to deduct costs related to your pet if he serv another purpose in addition to accepting your undying devotion — and if you can prove it Click through to learn the tax breaks you might be missing out on Guard Dogs © YuriyGre/Getty Imag Gerally, it’s difficult to claim your pet as a busins expse But if your pet guards your busins location, you might be able to deduct the costs of keeping him fed and healthy “The IRS has tak a fairly hard-nosed stance wh it com to deducting the cost of animals as busins exps — and the courts have agreed with them,” said Micah Fraim, a CPA
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HRB
Earnings
- 2/6/24 - Beat
HRB
Sec Filings
- 2/23/24 - Form 144/A
- 2/23/24 - Form 4
- 2/23/24 - Form 144
- HRB's page on the SEC website