Fact Check: Yes, the IRS allows tax deductions on some pet expenses, like service animals
Claim:
For tax filing year 2024, the U.S. Internal Revenue Service was allowing deductions on pet expenses.
Rating:
What's True:
It was indeed possible to claim tax deductions in certain scenarios, such as medical costs for licensed service animals, performance animals, donations to qualifying nonprofits that support animal welfare, or pet-related moving costs for active-duty service members forced to relocate due to orders.
What's False:
However, pets couldn't be claimed as dependents in the same way as qualifying children or relatives. Further, tax deductions for service animals existed before the 2024 filing year.
As the deadline for U.S. citizens to file their 2024 tax returns loomed in late March 2025, claims pertaining to purported tax deductions for pet owners circulated on social media.
Multiple users on Instagram (archived, archived), TikTok (archived) and Threads (archived) posted about this alleged "exciting news for pet owners," though most posts buried crucial context, if it was present at all. Nearly all instances claimed these pet-related deductions began in the tax-preparation year of 2025 (for 2024 filings).
@mikeagrusslaw Take advantage of this for your pets! 🙌 #taxdeduction #taxseason #taxbenefits #taxes2025 #pets #lawyer ♬ original sound - MikeAgrussLaw
Some truth exists to the claim that the IRS allows certain tax deductions on pet expenses, but critical requirements must be met.
According to the Internal Revenue Service (IRS) and tax preparation services, these deductions are not simply for standard pet owners, nor can pets be claimed as a dependent in the same way as qualifying children or relatives. Rather, most pet-related deductions pertain to care for a licensed service animal, according to the IRS' Publication 502, which also "explains the itemized deduction for medical and dental expenses that you claim on Schedule A (Form 1040)."
Further, these service-animal deductions have been possible before 2024. For example, Publication 502 for the filing year 2008 also cites possible deductions for service animals. For all of these reasons, we've rated this claim as a mixture of truth and falsehood.
The "Guide Dog or Other Service Animal" section of Publication 502 for the filing year 2024 reads:
You can include in medical expenses the costs of buying, training, and maintaining a guide dog or other service animal to assist a visually impaired or hearing disabled person, or a person with other physical disabilities. In general, this includes any costs, such as food, grooming, and veterinary care, incurred in maintaining the health and vitality of the service animal so that it may perform its duties.
Important to note is the language above specifies "physical disabilities." On a page dedicated to tax deductions on the National Service Animal Registry website, the organization adds that "you are only eligible if your medical expense exceeds 10% of your Adjusted Gross Income (AGI)," which would include "wages, business income, dividends, and other income."
The blog for Intuit TurboTax, a tax preparation service, cites additional instances that may allow for pet-related tax deductions, such as owning a business that requires the use of animals. This could include performance animals (such as those used on a movie set) or even those that work as a social media influencer. TurboTax says:
If your pet is making money as an influencer, it could be viewed by the IRS as your own self-employed business if your pet is generating income for you in the dog modeling/acting category on a regular basis. In some cases, pet-related expenses could be considered business expenses and offset against your pet's earnings.
TurboTax also cites expenses related to fostering animals from a qualified 501(c)(3) organization as a potential write-off, including pet food, veterinary bills and supplies.
IRS Publication 526 additionally cites donations related to qualified nonprofit organizations that "are religious, charitable, educational, scientific, or literary in purpose, or that work to prevent cruelty to children or animals" are also eligible for deduction.
Newsweek points out other scenarios where pet expense tax deductions may be possible: For "active-duty military member[s] moving due to orders, pet relocation costs can still be claimed as part of moving expenses."
The Newsweek article also states, "For those setting up a pet trust, legal fees associated with establishing the trust may be deductible in some cases. However, routine pet expenses such as food and toys are still not deductible under personal tax returns."
However, tax deductions can be complex, nuanced and particular to an individual's financial holdings and employment status. This article should not be considered financial advice. Please visit a qualified financial adviser if you have questions about items that may be eligible for tax deductions.
About Publication 502, Medical and Dental Expenses | Internal Revenue Service. https://www.irs.gov/forms-pubs/about-publication-502. Accessed 1 Apr. 2025.
"Can You Claim Pets on Tax Returns? What to Know." Newsweek, 1 Feb. 2025, https://www.newsweek.com/can-you-claim-pets-tax-returns-what-we-know-2024512.
Codys. "Service Animal Tax Deductions: Maximizing Tax Benefits." NSARCO, 27 Apr. 2022, https://www.nsarco.com/all-you-need-to-know-about-service-dogs-and-taxes/.
Dependents | Internal Revenue Service. https://www.irs.gov/credits-deductions/individuals/dependents. Accessed 1 Apr. 2025.
Publication 526 (2024), Charitable Contributions | Internal Revenue Service. https://www.irs.gov/publications/p526. Accessed 1 Apr. 2025.
TurboTaxBlogTeam. "Is There a Pet Tax Credit? Are Pet Expenses Deductible?" Blog, 22 Jan. 2024, https://blog.turbotax.intuit.com/tax-tips/can-i-claim-my-pet-as-a-dependent-53/.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Active trading in a Roth IRA: 5 key things to consider first
A Roth IRA is considered by many financial experts to be the best retirement plan out there. Workers can invest money on an after-tax basis and then withdraw their funds in retirement (after age 59 1/2) tax-free. They can enjoy decades of compounding growth and never owe the taxman a cent as long as they follow the plan's rules. No wonder it's the experts' favorite plan! Because the Roth IRA eliminates one of the major costs of trading — taxes — some investors may think they can actively trade their way into even greater gains. They might consider day trading with a top broker or even trading every few months after a stock's big price swing rather than focusing on buy-and-hold investing, which is a time-tested strategy. But should you actively trade in a Roth IRA? These are the key things to consider first. Learn more: Planning to retire in 10 years? Do these 6 things first Some investors may be concerned that they can't actively trade in a Roth IRA. But there's no rule from the IRS that says you can't do so. So you won't get in legal trouble if you do. But there may be some extra fees if you trade certain kinds of investments. For example, while brokers won't charge you for trading in and out of stocks and most ETFs on a short-term basis, many mutual fund companies will charge you an early redemption fee if you sell the fund. This fee is usually assessed only if you've owned the fund for fewer than 30 days. The ability to avoid taxes on your investments is an incredible benefit. You'll be able to escape — perfectly legally — taxes on dividends and capital gains. Not surprisingly, this superpower makes the Roth IRA very popular, but to enjoy its benefits, you must abide by a few rules. The Roth IRA limits you to a $7,000 maximum annual contribution for 2025 ($8,000 if age 50 or older), and you won't be able to withdraw earnings tax-free from the account until retirement age (59 1/2) or later and after owning the account for at least five years. However, you can withdraw your contributions to the account without being taxed at any time, but you won't be able to replace those contributions later. The Roth IRA offers a number of other benefits, and retirement savers should look into it. Many traders use margin in their accounts. With a margin loan, the broker extends your capital to invest beyond what you actually own. It's a useful tool, especially if you're trading frequently. Unfortunately, margin loans are not available in IRA accounts. For frequent traders, the ability to trade on margin is not just about magnifying your returns. It's also about having the ability to sell a position and immediately buy another. In a cash account (like a Roth IRA), you have to wait for a transaction to settle, and that typically takes a day. In the meantime, you may be unable to trade with that money even though it's credited to your account. A margin account allows you to buy and then trade immediately, as long as you have enough equity in the account. And that can be an advantage in fast-moving markets. So you can trade actively in a Roth IRA, but should you? Research consistently shows that passive investing beats active investing, whether you're an individual investor or a professional. And it's the advice that top financial advisors routinely offer their clients. For example, a 2024 study from S&P Dow Jones Indices shows that about 57 percent of fund managers investing in large companies underperformed their benchmark in the previous year. This deficit increased over time, and in a 20-year period, roughly 90 percent of pros failed to beat their benchmark on a risk-adjusted basis. These are pros with analysts and high-powered tools trained to beat the market. Instead, you can beat most pros by sticking to a passive approach, and you'll earn the market's returns. One approach is to buy a fund based on the S&P 500 Index, a collection of hundreds of the largest publicly traded companies. The index has returned about 10 percent annually over long periods, but you'll need to hold the fund over time to enjoy its returns. Get started: Match with an advisor who can help you achieve your financial goals If you're trading in a taxable brokerage account, you'll get a tax write-off if you make a losing investment. Some investors even make sure they're getting the largest write-off they can using a process called tax-loss harvesting. They scoop up that benefit and then even repurchase the stock or fund later (after 30 days) if they think it's poised to rise in the future. But if you're trading in a Roth IRA, you won't get the ability to write off losses. Changes to the tax code in 2017 eliminated the ability to claim any benefit from losses in an IRA account. An IRA is meant to fund your retirement, not to speculate on investments. You need that money to be there later and you can't afford to lose it. So the best IRA strategy for most investors is to use a traditional investing strategy — long-term buy-and-hold investing with low-cost index funds. Index funds invest passively, meaning they track a target index, such as the S&P 500, the Russell 2000, the Dow Jones Industrial Average, the Nasdaq 100 or some other. These funds don't make active trading decisions and simply hold whatever the index holds. This strategy means the funds don't cost a lot to manage, and they end up passing the cost savings on to investors in the form of lower expense ratios, the annual cost to own the fund. The best ETFs will cost you just a few dollars per year for every $10,000 you have invested. MORE: How to turn $1,000 into $1 million, according to a top wealth advisor One popular investment strategy is to buy three index funds — one based on the largest companies, one for medium-sized firms and one for the smallest companies. Then add to your investments regularly each year — perhaps through the process of dollar-cost averaging. But the key part of this strategy is to continue to hold over time, to let your investments keep compounding. You also won't need to spend a lot of time following the market, as an active investor likely would — and most importantly, you're more likely to end up with better results. Those who are thinking about actively trading in their Roth IRA (or traditional IRA, for that matter) should carefully consider the costs and potential benefits. It's tough to beat the market and you must spend huge amounts of time to do so, when you're more likely to outperform most investors with a few basic index funds and a simple buy-and-hold strategy. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Trump, Munir exchange praises as Pakistan rises as regional stabilizer: IRS Analysis
ISLAMABAD, June 21, 2025 (GLOBE NEWSWIRE) -- In a closely watched meeting at the White House, Pakistan's Chief of Army Staff, Field Marshal Syed Asim Munir, met with U.S. President Donald J. Trump. Analysts at the Institute of Regional Studies (IRS) in Islamabad, have characterized this as a strategic reset for Pakistan. Held over a luncheon in the Cabinet Room and followed by an extended session in the Oval Office, the meeting included Secretary of State Senator Marco Rubio, U.S. Special Representative for Middle Eastern Affairs Steve Witkoff, and Pakistan's National Security Advisor. Initially planned for an hour, the talks stretched over two hours, underscoring the depth of engagement. According to ISPR's official press release, the exchange between Field Marshal Munir and President Trump reflected a new level of mutual recognition, with both leaders exchanging commendations for each other's leadership. Munir conveyed the gratitude of Pakistan's people and government for Trump's personal role in brokering a ceasefire between Pakistan and India during the recent regional crisis. Trump, in return, praised Pakistan's regional peacekeeping and counterterrorism efforts. IRS notes that the dialogue extended beyond security matters to encompass expansive discussions on trade, economic development, energy, cryptocurrency, artificial intelligence, and mineral exploration—an ambitious agenda suggesting long-term strategic alignment. President Trump voiced a strong interest in developing a mutually beneficial trade partnership with Pakistan rooted in shared goals and regional convergence. Both sides also discussed escalating tensions between Iran and Israel, agreeing on the urgency of diplomatic resolution. Trump was briefed on Pakistan's position as a responsible regional stakeholder advocating for de-escalation. The IRS views this engagement as emblematic of Pakistan's evolving global posture—from reactive crisis diplomacy to proactive strategic positioning. In its analysis, the think tank highlights how Pakistan is increasingly seen by Washington as a necessary stabilizing force amid a deteriorating Middle East environment. According to the think tank's analysis, Pakistan's shared borders with Iran and its strategic position in the Middle East have the potential to catapult Pakistan into the middle of a diplomatic solution. As a symbol of warming ties, Field Marshal Munir formally invited President Trump to undertake an official visit to Pakistan. The invitation was well received, with both sides agreeing to maintain momentum on key collaborative tracks. A photo accompanying this announcement is available at CONTACT: Contact Institute of Regional Studies (IRS), Islamabad Phone: +92-51-9203974 Email: Website:


CNBC
8 hours ago
- CNBC
36-year-old travels the world in a Toyota Tacoma: After 3 years on the road, this is her No. 1 takeaway
In 2015, Ashley Kaye's father died and she inherited her childhood home in Waterford, Wisconsin. At the time, she was 27 years old, working in corporate healthcare and transitioning to a consulting job, where she worked 80 to 100 hours a week. "I worked from home, so I just walked from my bedroom to my office to the kitchen and repeat," Kaye, now 36, tells CNBC Make It. "I was a zombie in those times," While traveling, Kaye met someone on a scuba diving trip in Honduras who helped her realize what she wanted was to leave her career behind and travel full-time. "We just hit it off and chatted the whole time I was there. We spoke about the worst of the worst, the best of the best, and financials, too," Kaye says. "He told me he wished he had done it sooner because it's so much easier and cheaper than you think. That changed everything for me. I went home and worked more and more until I quit the next year." Kaye spent the next three years traveling during the covid-19 pandemic. While on a trip to South Africa, she received unexpected news that her aunt was ill and she'd need to fly back home to Wisconsin. "That flight was probably the moment where not a single ounce of my being was like 'Yay, I'm going home.' It was like, 'I don't want to be here. This isn't it for me.'," she says. "I love being on the islands. I love having the ocean near me. That took away the hesitation I had in previous years about selling the house." While Kaye was back home caring for her aunt, she prepared her childhood home for sale and considered her next move. She thought a lot about trying van life and living and traveling with her dog. "Traveling by plane with a dog just sounded like a terrible idea," she says. "I do a lot of photography, so I knew I wanted something where I could reach tougher destinations." While waiting for the sale of her home to close, a couple reached out to Kaye on Instagram to ask about her time in South Africa. They shared their experience overlanding in a Toyota truck with a camper in the truck bed. Overlanding is a form of self-reliant travel that involves adventuring to remote destinations, typically in a vehicle of some type. After doing a bit of her own research, Kaye was all-in and purchased a Toyota Tacoma truck for $42,934, according to documents reviewed by CNBC Make It. Kaye picked up the truck in South Dakota and drove it back to Wisconsin to finish packing up her home when it officially sold in March 2023. Now that her new home was the truck, Kaye set off on her first adventure: A drive down to Baja California, Mexico. She stayed there for three months and planned out the renovations she would need to make the truck more livable. "My life is kind of like 'the plan is there is no plan.' Most people plan this type of adventure for years. I didn't even have a truck when I accepted the offer on my house," she says. "It was very spur of the moment, so I needed to take a pause and figure things out." While living in Mexico, Kaye found an American company that made the truck bed replacements that would provide external storage and make it easier for her to live and travel in the Toyota Tacoma. But, the installation couldn't happen until September. In the meantime, Kaye learned as much as she could about the truck and the kind of camper she would need. She estimates that she has spent over $50,000 on the renovations. Costs included purchasing a camper, adding solar power, replacing the truck bed, upgrading the suspension, new tires, customizing a bumper, and installing an electric cooler. When the truck was ready, Kaye decided to journey the Pan-American Highway, starting in Denver. The highway stretches from Prudhoe Bay, Alaska to Ushuaia, Argentina. "It's really an incredible way to travel because you get to set your own pace and if you find somewhere that's beautiful and peaceful you can stay as long as you want," Kaye says. "But there's pros and cons to every mode of travel and a lot of red tape and logistics crossing borders. It can be exhausting, especially when you're alone. You have to find a balance that works for you, but overall, it's definitely one of the coolest adventures of my lifetime." Since living and traveling in the truck full-time, Kaye has visited Mexico, every country in Central America, Colombia, Ecuador, Peru, Chile and parts of Argentina. In total, she's been to over 20 countries so far. "I don't want to be a cliché and say it's a dream life because it's a lot of work and there are a lot of things that you need to take care of and maintain," she says. "But it's really incredible to be able to wake up and just look at the map and say, 'Should I go sleep inside this volcano or go to the jungle or go to the beach?' You have a lot of really beautiful options, so I can't really complain." After all this time on the road, Kaye says the biggest lesson she's learned is that life is too short. "Ever since I started traveling, [I learned] life is just too short. You don't have to go and quit your career to travel the world but whatever your dreams and goals are in life just start now and everything else is just figuring out a goal," she says. Kaye says when she was younger, it was her dad who taught her that she was capable of anything. "I grew up with my dad raising me and telling me every day 'You can be anything you want when you grow up and you can do anything,'" she says. "He was 57 when he passed away, so he never even got to retire. His passing taught me how to live life because you never know how much time you have in life."