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Forum: Daycare and Taxes 06-06-2019, 08:21 AM
Replies: 5
Views: 2,731
Posted By TomCopeland
receipts

No. You must save your business receipts for at least three years, in some states four years. This includes receipts for craft materials, curriculum, food (if you use the actual expense method), car,...
Forum: Daycare and Taxes 06-05-2019, 10:19 AM
Replies: 5
Views: 2,731
Posted By TomCopeland
Itemize or standard deduction?

Many more providers will take the standard deduction and no longer itemize under the new tax laws. If so, there is no reason to keep receipts for medical expenses, charitable contributions, etc....