PET PLANNING
If you recently took your pet in for a surgical procedure, you may have been shocked with the price tag. You may also be wondering if there is any way to save on this expense come tax season. While a write off is possible, it’s typically only under specific circumstances.
Writing off Pet Expenses
You may be able to write off some of your pet expenses come tax season, given you meet specific conditions. Some conditions may include:
As you can see, there are some ways that pet surgery may be able to be written off come tax season. If you think you fall in any of the guidelines mentioned above, consider talking with your accountant come tax time for more information.
Nothing in this article should be construed as financial, legal or veterinary advice. Please consult your own advisors for questions relating to your and your pet’s specific circumstances.
1 Pet Insurance offered by MetLife Pet Insurance Solutions LLC is underwritten by Independence American Insurance Company (“IAIC”), a Delaware insurance company, headquartered at 485 Madison Avenue, NY, NY 10022, and Metropolitan General Insurance Company (“MetGen”), a Rhode Island insurance company, headquartered at 700 Quaker Lane, Warwick, RI 02886, in those states where MetGen’s policies are available. MetLife Pet Insurance Solutions LLC is the policy administrator authorized by IAIC and MetGen to offer and administer pet insurance policies. MetLife Pet Insurance Solutions LLC was previously known as PetFirst Healthcare, LLC and in some states continues to operate under that name pending approval of its application for a name change. The entity may operate under an alternate, assumed, and/or fictitious name in certain jurisdictions as approved, including MetLife Pet Insurance Services LLC (New York and Minnesota), MetLife Pet Insurance Solutions Agency LLC (Illinois), and such other alternate, assumed, or fictitious names approved by certain jurisdictions.