Gift Question for Tom Copeland
Tom, I know we can only gift $25 per child per year.
Can I deduct $25 toward a high school graduate who grew up in my daycare? Thanks. |
I'm not Tom! I am just going to say I am guessing the answer would be no, since it isn't a child currently in your care. But wait for his answer because I could be very wrong!
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I would agree, unless maybe you could finagle it into a marketing expense?
Tom once pointed out that we can only spend $25 on gifts, but if a child opens a gift in our programs it can be deducted as an activity rather than a gift. Smart man, that Tom. ;) |
I had no idea we could only put $25 toward gifts! Each kids gifts is about $25 for christmas then for their birthday plus we give baskets on Easter and Thanksgiving (that are around $10 each) and I give each kids a gift when leaving!
Is there any ways to write these off taxes? |
Originally Posted by Unregistered: |
Originally Posted by Unregistered: |
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