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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 02-03-2019, 10:33 AM
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Default Thank You Gift for DC Parents

Two of my dc families made a large magnet board and chalk board for my day care room. I decided to hand make a blanket for each family to thank them. Since they're clients of mine, can I claim the time I spent making the blankets and the cost of the yarn? I feel cheap for asking this question but hate to not use those hours/dollars spent if I can claim them.
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Old 02-03-2019, 12:17 PM
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Here's a few threads that may be helpful: [url]https://www.daycare.com/forum/tags.php?tag=deduction+-+gifts[/url
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Old 02-03-2019, 05:33 PM
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Thanks, Michael. I'll check them.
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Old 02-05-2019, 02:41 PM
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Quote:
Originally Posted by e.j. View Post
Two of my dc families made a large magnet board and chalk board for my day care room. I decided to hand make a blanket for each family to thank them. Since they're clients of mine, can I claim the time I spent making the blankets and the cost of the yarn? I feel cheap for asking this question but hate to not use those hours/dollars spent if I can claim them.
Yes, you can count the hours and the cost of making the blankets. You can only deduct up to $25 per parent as a business gift expense.
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Old 02-05-2019, 03:35 PM
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Awesome! Thanks for your reply.
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