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Tax implications for fostering

Americans resident in the United States have to file their taxes by 15th April each year – it’s a busy time for accountants and bookkeepers.

But I came across a tax decision,  VanDusen vs IRS Commissioner, which is very promising for volunteers who Foster dogs for designated 501(c)(3) not-for-profit animal rescue organizations.  If the foster carer incurs unreimbursed expenses directly related to fostering, they can claim these on their tax returns as charitable deductions.  Things like food, veterinary care, and mileage are included; so too are utility costs for the portion of the home’s space that is used for care of the foster animal.

Careful record-keeping is important to ensure against audit troubles later on, of course.

Wish we had something like that in the tax code in New Zealand!

Kathleen Crisley, specialist in dog massage, rehabilitation and nutrition/food therapy, The Balanced Dog Ltd, Christchurch, New Zealand




This post first appeared on DoggyMom.com | Dog Lifestyle And Everything Else F, please read the originial post: here

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Tax implications for fostering

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