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MarinaVanessa 03:40 PM 01-29-2013
When it comes to this new rule I would prefer to continue to keep receipts and figure out my time/space %. Reduction in paperwork or not I don't see how this new rule can help any family child care providers. A $1,500 deduction based on 300 sq feet of daycare space seems like such a low deduction amount considering that many of us family child care providers share the majority of our homes with the daycare. My home for one is 1,200 sq feet and 83% of that is shared space for daycare business. $1,500 wouldn't cover my deductions that I can claim the previous way like utilities, house depreciation, homeowner's insurance, property tax, my mortgage interest and our home repairs. For me at least, it seems pointless to claim in this way. I will continue to spend my time on record keeping in order to be able to claim more in deductions.
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