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Should Pet Medical Expenses Be Deductible? (Take a Poll)

submitted on April 17, 2015 by HouTex in "Member's Lounge"
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.
1. Do you have a pet?
 Yes
 No
2. What kind of pet? Select all that apply.
 Dog(s)
 Cat(s)
 Other (explain in comments)
3. Have you ever bought prescription drugs for your pet?
 Yes
 No
4. How much do you spend on medicine for your pet(s) per year?
 Less than $100
 Less than $500
 Less than $1,000
 I lost count
5. Should pets be considered dependents for tax purposes?
 Yes
 No
 or See Results 

        

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  Comments
  • 216759
    lootango
    professor
    11 9 1
    Posted by lootango on April 17, 2015
    [reply] 2 0
    I have several friends who spend more on pet medical expenses for their 2 dogs than I do on my child. Those dogs are their children... makes sense to me. Big Grin
  • 216764
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on April 17, 2015
    [reply] 3 0
    Well I think if pets have medical insurance, they should probably be registered with their local county to be eligible for insurance. Perhaps veterinarians could hold a clinic for official documentation for a description of the dog and their official owner, that would make sense to me. It might sound weird, but we register our cars to get insurance, so why not a pet? Pets are good for your health as you age too! Smile
      216828
    • 2kidsnuts
      professor
      10 8 2
      Posted by 2kidsnuts on April 19, 2015
      [reply] 1 0
      I agree, sounds good if only it would be permitted.
    • 216858
    • YanBz
      admin
      Posted by YanBz on April 20, 2015
      [reply] 1 0
      I a pet comits a crime (steals food from neighbors backyard or chews their shoes) they should go to jail! Smile
    • 216859
    • CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on April 20, 2015
      [reply] 1 0
      Thanks for the laugh Yan! If a pet commits a crime, biting a persons nose off or biting their leg, now that should be covered under your homeowners insurance, but you must post the city ordinance in your yard to protect yourself against lawsuits. Smile
    • 216860
    • HouTex
      admin
      Posted by HouTex on April 20, 2015 [reply] 0 0
      Biting is a much more serious issue. The owner would be held financially liable and the pet would be euthanized if it has bitten anyone before or is known to be an aggressive animal.
    • 216862
    • CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on April 20, 2015
      [reply] 1 0
      Actually our dog did nip someone and our homeowner's insurance covered the medical bill they were ok and the pet was okay because the person was tormenting the dog in the first place. This is how we learned to post the no trespassing city ordinance to protect our rights as a dog owner.
    • 216863
    • HouTex
      admin
      Posted by HouTex on April 20, 2015 [reply] 0 0

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