We’ve rounded up 5 unexpected tax deductions we’ve seen pass with the Tax Courts in the past. Your business is unique, however, so be sure to work with your tax consultant to discuss what can work for you, and where you can save on your taxes this year.
1) Pet Expenses
Maybe.
There’s no denying that the cost of maintaining a pet can be expensive. While typically these costs are considered to be personal expenses, there have been cases where businesses have proven how vital their pets were to the business, and were able to have those expenses deducted from their taxes.
For example, a couple who owned a junkyard was allowed to write off the cost of cat food they set out to attract wild cats. The cats came for the food, but they also kept the property free of rats and snakes, making it safer for the customers.
As with any claim, be prepared to back it up with documentation and facts. Simply claiming Fido as your office guard dog is not likely to get you far.
