H. R. 9508, also known as the "People and Animals Well-being Act of 2024" or the "PAW Act of 2024," proposes amendments to the Internal Revenue Code of 1986. It aims to allow certain veterinary expenses for pets and service animals to be treated as medical expenses. This...
Simple Explanation
Imagine there's a rule that lets people use special piggy banks for medical money, and now, there's a new idea to let them use a bit of that money to help pay for their pets' doctor visits too. This new rule would let families use up to $1,000 to help take care of their pets’ health just like they do for people.