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Health care, for you and your pets

September 4, 2009

Health care for humans has been the hot topic for what seems like forever. But as any parent of a furry four-legged child (or any other type of nontraditional pet) can tell you, the cost of vet care is outrageous, too.

Still we spend it because, as I noted, to many of us, our pets are our kids.

Rep. Thaddeus G. McCotter (R-Mich.) understands that. So he's introduced H.R. 3501, a bill to allow a tax deduction for pet care expenses.

Under the HAPPY Act of 2009, with the acronym coming from Humanity and Pets Partnered Through the Years (see, they do come up with the initials first and work backward for a name!), taxpayers could deduct up to a maximum of $3,500 for pet care, including, veterinary costs.

McCotter says he introduced the HAPPY Act because (a) there are a lot of pet owners out there (63 percent of U.S. households have a pet, according to the 2007-08 National Pet Owners Survey) and (b) it makes good human health care sense, too.

The Congressman notes that the human-animal bond has been shown to have positive effects upon people's emotional and physical well-being.

So it's really just a way to help pet owners pay for the preventative care that our non-human companions provide.

Will this bill pass? I doubt it, despite the millions of pet owners out there. Folks on Capitol Hill across the Flyover and to the Left Coast are railing about the growing budget deficit, so adding to it with this type of legislation is not likely.

But have faith, pet owners. It's been introduced and most bills keep getting dropped in the hopper Congressional session after Congressional session. One day it just might come to pass.

On the human health care front: Meanwhile, lawmakers will get back down to the tough business of hammering out a human health care reform bill when they return to work next week.

As Ze Frank notes, it's a complicated task.

This morning, a group of bipartisan Senate Finance Committee (SFC) negotiators reportedly held another teleconference in an effort to reach a compromise on health care proposals.

According to CCH, this six-member SFC group held a similar call during the August recess, but …

Senate Finance Committee Chairman Max Baucus (D-Mont.) remains committed to his earlier announced Sept. 15 deadline to produce a bill. The big question now is whether he can get the Committee's ranking minority member, Chuck Grassley (R-Iowa), back on board.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
  • “The Congressman notes that the human-animal bond has been shown to have positive effects upon people’s emotional and physical well-being.”
    Very true! I fully support this bill, I hope one day it will come to pass.

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