Monday, August 24, 2009

IRS deductions for pet expenses?

Congressman Thaddeus McCotter (R - MI) has introduced H.R. 3501, an amendment to the Internal Revenue Service code that would allow for a deduction of up to $3,500 per year for pet care expenses.

The act, cited as the "Humanity and Pets Partnered Through the Years (HAPPY) Act", allows for the deduction of items like vet bills and general care. Exempted from deduction are any fees associated with the initial acquisition.

Do you think there's any shot we'll ever see a bill like this actually make it into law?

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