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Old 02-25-2018, 06:01 PM
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Question Taxes-Groceries/Supplies

Can I just highlight on my receipts what I used for daycare or just use every other one.it's my first year and it's stressful
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Old 02-25-2018, 08:07 PM
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Here is a thread that will be helpful: https://www.daycare.com/forum/showthread.php?t=42312
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Old 02-26-2018, 05:39 AM
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I think I was told No, that it had to be separate reciept. I would suggest that you ask Tom Copeland at www.tomcopeland.com, he will know for sure.

For me though, I just deduct the meals not groceries. All my groceries are used for DC and my family, if I didn't do it this way I would have double open things like ketchup and things like milk would spoil.
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Old 02-26-2018, 07:35 AM
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I use the standard meal deductions. It works out to more of a deduction than actual cost.

But your cleaning supplies, toilet paper, papertowels, windex etc that you also buy on your grocery receipts is all deductible according to your time space percentage.
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Old 02-26-2018, 07:35 AM
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There was a post here once about someone who did that and the highlighter ink made the receipt ink break down to the point it was illegible very quickly.

Edited: Found it : https://www.daycare.com/forum/showth...ht=highlighter
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Old 02-26-2018, 11:29 AM
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I do this, then photocopy/scan the receipts weekly.

I spend more on food than standard deduction. I don't need time/space because I have separate everything so I HAVE to buy two. Everything for DC is exclusive DC use, so it works well for me. HTH!
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