Originally Posted by lovemykidstoo:
Boy that helps me alot! Can you tell me how to get that figure? How's it figured out?
In this case I took the number of snacks you were reimbursed for (1296) and multiplied it by the IRS standard deduction rate of .73. I'm going on the assumption that you serve two snacks per day like I do, and so you can claim that extra snack as a deduction on top of what the FP reimburses you. The IRS says you can claim up to one breakfast, one lunch, one dinner and 3 snacks per day per child (assuming you actually served them that is) even though you're only reimbursed for a maximum of 3 per day with the CACFP.
Does that explanation help?