6 Dog-related tax deductions you may be eligible to claim

3. Charitable Donations to Dog Rescues/Shelters:

It would be easy to assume that the costs of adopting a dog from a registered non-profit, 501(c), would be deductible – the assumption would be wrong. The cost to adopt a dog is not deductible. However, any donations made in excess of regular adoption fees most certainly are. According to the law, only those donations made where no goods or services are received in exchange (i.e., your new dog) can be deducted. Should you choose to make donations to your favorite 501c dog charity, make sure to ask for a letter of receipt that states no goods or services were received. Donations of both goods and services to an approved charity are tax deductible. When donating goods or services to an approved charity, ask for a donation receipt – you’ll need it if the value of your donations exceeds $250. To deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A.

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