
The HAPPY Act?
October 21st, 2009
For today’s trivia laugh, try this one:  Republican Rep. Thaddeus McCotter of Michigan wants pet owners in the States to be able to deduct animal care expenses from their taxes.  I’d love to have a loonie for each time a tax client has asked me, with their tongue planted firmly in their cheek, if they can claim their pet on their tax return.  If McCotter has his way, this will become reality for American’s.  Of course, as this article points out, there are thousands of bill introduced each year that go nowhere.  My guess is this will be one of them.
It wouldn’t be just a tiny claim either: The bill proposes to allow up to $3,500 in costs to be claimed! Â I haven’t ever done the math, but I hope I never spend this kind of money on my dog in one year. Â Maybe I’d want a tax break too if that’s how much I was spending!
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