Tax season is upon us, and there are some major law changes in effect this year, because of the One Big Beautiful Bill. Here’s a breakdown of what to know before filing. NBC New York’s Lynda Baquero reports.
It is no secret that costs associated with our pets can be very expensive, from day-to-day care to unexpected medical emergencies.
Because of this, a bill in the New York State Assembly is proposing tax credits for expenses related to the well-being of our furry friends. The benefit would include expenses from 2026 fiscal year.
The bill states "domestic pet," which is defined as any "dog or cat kept primarily for the purpose of companionship."
Under this proposal, an owner could receive credits of up to $150 per each pet for everyday expenses. That includes food, leashes, grooming supplies and other items deemed essential for a pet's care.