![]() |
![]() |
|
Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
![]() |
|
Thread Tools | Display Modes |
#1
|
||||
|
||||
![]()
Tom - just confirming. The standard meal deductions for 2018 are:
$1.31 breakfast $2.46 lunch/supper $.73 snack Is this correct? I am not on the food program. |
#2
|
||||
|
||||
![]()
Yes, you can use these rates for 2018. They are the same for 2019.
__________________
http://www.tomcopelandblog.com |
#3
|
||||
|
||||
![]()
If I use the standard meal deductions, do i still claim food purchases or no? If not, do i need go keep receipts for food still?
|
#4
|
||||
|
||||
![]()
When you use the standard meal allowance rate to claim food expenses you do not save any food receipts. You do not deduct the actual cost of the food. You add up the meals and snacks you serve the day care children and deduct up to one breakfast, one lunch, one supper and three snacks per day per child. The rates for 2019 are $1.31 breakfast, $2.46 lunch/supper and $.73 snack. The rates for 2020 have not yet been released.
__________________
http://www.tomcopelandblog.com |
#5
|
||||
|
||||
![]() Quote:
|
![]() |
Tags |
deduction - meals |
Thread Tools | |
Display Modes | |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Tax Write Off List, Can't Find | daycare | Daycare and Taxes | 29 | 06-18-2021 03:26 AM |
Standard Meal Deduction | Baby Beluga | Daycare and Taxes | 2 | 01-15-2018 11:32 AM |
2014 Standard Meal Deduction Amount | Scout | Daycare and Taxes | 6 | 01-07-2015 06:15 AM |
Tax Question Re: Standard Meal Deduction | AcornMama | Daycare and Taxes | 7 | 10-07-2013 05:05 PM |
Standard Meal Deduction and Turbo Tax | rbmom | Daycare and Taxes | 5 | 03-11-2013 10:04 AM |