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Forum: Daycare Center and Family Home Forum 04-24-2012, 06:39 PM
Replies: 12
Views: 2,941
Posted By itlw8
That can not happen... If you are on teir one...

That can not happen... If you are on teir one the reimbursement check will be exactly the same as the standard deduction if that is the only food you serve.

If you are on tier 2 the check will...
Forum: Daycare Center and Family Home Forum 04-24-2012, 12:53 PM
Replies: 12
Views: 2,941
Posted By itlw8
take the standard deduction you will come out...

take the standard deduction you will come out ahead on your taxes.

You are claiming the fp payment as income and ALL the food cost as an expense I hope.
Forum: Daycare Center and Family Home Forum 04-24-2012, 12:51 PM
Replies: 12
Views: 2,941
Posted By itlw8
I doubt I come out ahead but I was on teir 2 for...

I doubt I come out ahead but I was on teir 2 for so many years I became quite frugal with my menu.. Moving to teir one I buy lots more fresh fruits and veggies. I can afford it now.