You can’t claim your pet as a dependent, no matter how much a part of the family your pet is. You can’t treat veterinary bills as deductible medical expenses. And you can’t take an adoption credit for rescuing a pet from the pound.
This could change. A bill entitled Humanity and Pets Partnered through the Years (HAPPY Act) would allow pet owners to deduct up to $3,500 in pet expenses each year. It is too early to predict the likelihood of enactment of this measure at this time. We’ll continue to monitor this bill for you!
Advance payment of current tax liability based either on wage withholdings or installment payments of your estimated tax liability. To avoid penalties, you generally must pay to the IRS either 90% of your final tax liability, or either 100% or 110% of the prior year’s tax liability, depending on your adjusted gross income.