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Daycare and Taxes>Viable Business?
Miss Binney 07:46 AM 04-12-2019
Hey everyone!

I have worked in early childhood for over 20 years. I have done a little bit of everything - trainer, teacher, administrators, etc. Right now I am seriously underemployed and desperately need a change. I am considering doing family child care in my home. I found this forum yesterday and was SUPER excited by all the tax benefits. But... am I missing something? It seems like there are so many things you can deduct from your taxes, which is awesome but are you actually making a good income? I’m seeing several posts about the amount of taxes people are paying right now. It seems like if there are all of these deductions, you wouldn’t really end up paying anything?? What am I missing here...lol?
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Tags:daycare, daycare - experience, deductions, time space percentage
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