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Old 06-08-2017, 12:04 PM
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Default New To Babysitting Tax Question

I have a few questions. To start, we might start watching 3 kids from a single family (all siblings). We also have 3 children of our own (all in full time school). It will be 2-3 days a week and we will get paid for the service.

So, the first question is, do we need to claim this income when doing our taxes? I assume so.

The second question is, if we do claim the income, will it be required that we are licensed? I have read a lot about not needing a license if you watch 3 or less kids from a single family, but it wasn't clear if your own children count towards that 3.

I think I have read that you need to be licensed to write off expenses, but I am not as concerned about that. I am more concerned with any legal matters. I don't want to do anything that could get us in trouble.

Thanks in advance.
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