View Single Post
TomCopeland 10:11 AM 02-13-2018
Originally Posted by Tigerlilly:
I was told I could not claim any deductions unless I could deduct $24,000 or more and I just do not see myself ever spending $24,000 a year on my daycare. Maybe I was told wrong?
Wrong. What you are referring to is the question of whether to itemize on Schedule A or take the standard deduction of $24,000 for married couples. This has nothing to do with claiming deductions for your business. You can still deduct all your business expenses and take the $24,000 standard deduction.
Reply