H.R. 1842, also known as the “People and Animals Well-being Act of 2025” or the “PAW Act of 2025,” aims to amend the Internal Revenue Code of 1986. This bill proposes that certain veterinary expenses for pets and service animals be treated as medical expenses. These costs...
Simple Explanation
The PAW Act of 2025 is like a new rule that helps people use special savings accounts to pay for their pets' health check-ups and insurance, treating these costs just like going to the doctor. But, they can only use up to $1,000 each year for every pet, and this amount might change as things get more expensive.