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Daycare and Taxes>Childcare Grants and Taxes- Questions
spedmommy4 01:39 PM 11-12-2015
My business received two grants from First 5 this year.

One was a quality award grant. It did come with stings attached. I had a list of approved items I could spend it on. (Eg: curriculum, increasing employee wages, trainings, etc)

The second was a health & safety reimbursement grant. First 5 came out and assessed my program and gave me a very specific list. I could buy only the "safety improvement" items from the list and then get reimbursed after completing the project to their statistic action, or I would get nothing.

My questions are:

Are grants in any way different from the income I receive from parents in the eyes of the IRS?
And, if so, are these two grants treated differently?
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Tags:grants, taxes
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