Pet News: Pet Tax Reduction Stalled in Congress - The Trupanion Blog
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Pet News: Pet Tax Reduction Stalled in Congress

A bill that has been stalled in the Ways and Means Committee of the House of Representatives could be of particular interest to pet owners to see through to passage: H.R. 3501, which would allow owners to deduct animal care expenses from their taxes.

The legislation, known as the Humanity and Pets Partnered Through the Years Act (H.A.P.P.Y. Act), was proposed by Michigan Republican Thaddeus McCotter on July 31st of last year. It would permit pet owners to decrease annual tax payments on up to $3500 of income based on pet expenses during the year, potentially saving hundreds of dollars.

The average American spends about $1700 on their family’s pet (though most Americans – 70% – consider their pet to be an equal part of the family). If passed, H.A.P.P.Y. could save these average pet owners 10 to 30 percent on annual animal spending.

Admittedly, Congress may feel they have some more pressing issues to focus on, but if you feel the H.A.P.P.Y. Act would benefit your family or at least deserves to move out of committee for a floor vote, write to your representative.

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