Tax Tip: Deduct Your Pet Taxes Money/Investing Mainstreet
The tax court allowed a business to claim a $300 deduction for cat food used to attract wild cats in order to prevent snakes and rats from coming into the business’s scrap yard.
Similarly, a business owner may be able to deduct the cost of a guard dog. You can only deduct that portion of Fido’s total time devoted to 'guard-dog' duty. You can deduct expenses relating to the dog, but you cannot deduct the dog itself, although you can depreciate it over its expected lifespan as determined by a local breeder.