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LIST YOUR DAYCARE! FIND A DAYCARE! |
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| Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
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#1
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Heres an interesting question:
For DC you can write off business use of bandages, you can also write off bandages as a medical deduction for personal taxes, so would deduct this twice?? Or would I write off my t/s% for DC and then the remaining percentage, write off as medical expense? (if I have enough medical expense to claim that is) So if my t/s% was 20% would I use 80% as personal decduction? |
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#2
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legomom....I gotta tell you, I have been reading all your tax questions and will definitely give you points for being knowledgeable enough to try to do your own taxes, brave enough to try as well and bonus points for some of your creativeness...but I seriously think you missed your calling! If you were a tax preparer and worked as hard as you are working to find all the deductions you can I would hire you in a red hot second!!
![]() ![]() Next year, when I try to do my taxes, I am soooo PM'ing you!
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#3
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Quote:
So I have a calling for something, but not sure what! ![]() Thanks again and I will help you anytime! I have learned alot through Tom! |
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#4
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Yes, deduct the t/s% as a business expense and the personal portion as an itemized medical expense.
__________________
http://www.tomcopelandblog.com |
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| Tags |
| deduction - medical, time space percentage, tom copeland |
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