Pets are more and more becoming a big part of our lives, and many people consider them to be part of the family that depends on us unconditionally for their care. So when your family needs medical attention, you would step up and pay, right? Aren't they our dependents just like kids?
I know there's pet insurance available for big expenses like surgery, but what about frequent visits to the veterinarian and costly medication they may have to take for a long time? Those charges can really add up.
Well, both insurance companies and the IRS say "No!" to deducting medical expenses of ordinary pets. Heaven knows people have tried to deduct them! Insurance companies will only allow deductions for humans. The IRS does allow special cases like service animals or moving expenses, but that doesn't apply to most of us. Is there a limit to how much you will spend on medical care for beloved family pets? Do you think we should be able to declare them as dependents? Take our poll and tell us what you think in comments.