Service animal training
If you own a furry friend, you might be able to deduct the cost of buying and training your animal, as well as the pet’s food, grooming and veterinary care.
“According to IRS Publication 502, dog owners can include medical expenses, the cost of training, and maintaining a guide dog (or other service animals) to assist visually-impaired, hearing-impaired or other persons with physical disabilities, ” added Nickson. Here are 11 tax-related documents you should always keep in handy.
Medical equipment
“Medical expenses such as eyeglasses, hearing aids, walkers, crutches, medical mileage, and transportation cost are deductible. In addition, you may also qualify for remodeling your home, such as installing ramps and lowering shelving because of physical restrictions. And the cost of a nursing home if it was medically necessary. These types of expenses can be substantial and provide a great deal of tax savings,” informed Paul T. Joseph of Joseph & Joseph Tax & Payroll.
