Using Flexible Spending Accounts (FSA) for Pet Expenses
Flexible spending accounts (FSA) are a great way to save money during the tax year. Money put into an FSA account can be used to cover many out of pocket medical expenses, but can they be used for pets?
What is an FSA Account?
An FSA is an employee benefit that allows a worker to put aside pre-tax dollars to pay for eligible medical expenses, including many pet-related expenses. This can help you save hundreds of dollars off your taxes each year.
Can You Use an FSA for Pets?
Yes, you can use your FSA for pet expenses in some cases. Eligible pet-related expenses include:
- Veterinary exams
- Therapy and rehabilitation services
- Dental care
It is important to note that most FSA plans do not cover pet food or other supplies. To use your FSA money for pet-related expenses, your pet must have a medical condition and you must provide a doctor’s note or written prescription.
Flexible spending accounts can help you save money on taxes each year by allowing you to put aside pre-tax dollars to pay for medical expenses. Pet-related expenses such as veterinary exams, prescriptions, and dental care are eligible for FSA coverage. However, pet food and other supplies are not covered.