How to Claim Your Foster Pet on Your Taxes

If you adopted or fostered a pet this year, let me congratulate you on your altruism...and for being a savvy taxpayer. Not only have you clocked many hours caring for and fawning over that adorable pet, but those heart-melting eyes are also a tax write-off. According to the IRS, if the fostering program is through a legit section 501(c)(3) charitable organization, you may be able to deduct unreimbursed veterinary care and pet supplies from your tax return.

Although adoption fees are not considered a charitable contribution, any additional amount paid in excess of those fees may be deductible unless they’re considered payment for goods and services like a pet bed or neutering. Since only part of your pet’s fees may be deductible, you should ask the shelter for an itemized receipt so you can accurately account for the sum of your reimbursable expenses.

Luckily for those who foster, there’s no shortage of eligible deductions, a shortlist of which includes food, medicines, veterinary bills, crates, cleaning supplies, and even a portion of the utility bill if a section of the home is dedicated to caring for fosters. However, as most taxpayers already know, proper record-keeping is essential for ensuring accuracy. 

For contributions under $250, you’ll need a bank record, receipt, letter, or email from the charitable donation (shelter) to which you contributed. For contributions above $250, you’ll need a written statement detailing the amount paid for which you were not reimbursed by the organization and this document must be received in advance of your tax filing deadline.

With more than 1.5 million charitable organizations recognized by the IRS, there’s no reason why your generosity shouldn’t be rewarded with a tax break. Here’s your sign to foster an animal this tax year out of the goodness of your heart and with the added benefit of not breaking the bank.