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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.

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Old 03-01-2011, 06:18 PM
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legomom922 legomom922 is offline
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Default Write Off Food As Gifts?

For holidays, I would always bake cakes, breads etc for the parents for gifts. I also would have a "Let me cook for you" night once a month, where I would cook the famlies meals. Would I be able to claim these expenses as gifts?
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Old 03-02-2011, 12:35 PM
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TomCopeland TomCopeland is offline
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Default Food as gifts

Yes, the cost of food that you cook for parents can be deducted as a business gift. The limit of the gift is $25 per person per year.
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