Originally Posted by lovemykidstoo:
That would be great!! Good luck!
When I had mine done, I had these categories listed on my return:
Utilities (electric, gas, water)
Cable/Internet
Business Supplies/toys
Activity Expenses
Gifts
Household (paper products, cleaning, light bulbs, basically anything I bought for the house including towels, toaster, utensils).
Mileage
Property taxes
Daycare Insurance
House Insurance
Tom should I have more categories than this? Spread them out more? Is there any I'm missing that I could claim?
It doesn't matter what expense category you put your deductions in. Your categories are fine. However, you can also deduct: mortgage interest, house depreciation, repairs, food, furniture, appliances, etc. See my article for a longer list:
http://tomcopelandblog.com/whats-ded...-care-business
My Family Child Care Record Keeping Guide lists over 1,000 allowable deductions.