๐พ There are three categories in which animals could result in a deduction for you.
1๏ธโฃ Medical.
๐ถ Weโre talking about specifically trained animals that provide medical support.
โ ๏ธ That medical support must rise to a certain need.
๐ก Emotional support animals?
The IRS typically disallows any medical deduction for those.
โ The animal has to be specifically trained for that particular medical purpose, and your deduction would be limited by all the other medical limitations when it comes to deductions on your 1040.
๐ Specifically on Schedule A, you must exceed 7.5% of your adjusted gross income before the first dollar of medical expense above that becomes deductible.
2๏ธโฃ Business.
๐ผ Two possibilities here:
Resource for a business, like a guard dog ๐โ๐ฆบ.
๐ The animal must be specifically trained for that purpose.
๐ Only the expenses associated with that specific business use are deductible ... not general maintenance, grooming, or food.
Income generation, like an animal ...