Hopefully, the tax breaks will encourage some new foster moms and dads, who might otherwise be afraid of the costs!
If you are a foster and want to make sure to get credited for the expenses you’ve incurred, Rachel Hirschfeld, a pet trust lawyer, has a few helpful tips:
– Keep all your receipts associated with foster care
– Write a note on the receipts to specify what was item was bought and for what purpose.
– As of now, the only tax-deductible purchases are for foster pets, not resident pets
Don’t forget to talk to your accountant first, as they will have firsthand knowledge of your specific taxes.