PAW Act of 2024

The PAW Act of 2024 amends the tax code to allow taxpayers to treat certain veterinary expenses for service animals or pets as medical care expenses deductible on their federal income taxes. It specifically covers up to $1,000 annually per pet for veterinary care (including diagnostic tests, medicine, and surgery) or pet health insurance, applying to the taxpayer, their spouse, or dependents. This affects individuals with qualifying service animals (defined by existing federal regulations) or pets meeting the Agriculture Improvement Act's definition. The provision applies to expenses paid after the bill's enactment, with the $1,000 limit adjusted annually for inflation.