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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 11-10-2011, 07:29 AM
Growing1atime
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Default How Many Children Do You Need In Daycare For Tax Benefits

I am considering reducing the number of children that I care for in my daycare Does the number of children in the daycare affect the tax write off's I usually claim as far as time/space and other write off's?
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Old 11-10-2011, 07:39 AM
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mismatchedsocks mismatchedsocks is offline
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Just one child, I assume. It doesnt matter if there are 10 or 1, whatever hours the child/ren are there counts.
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Old 11-10-2011, 10:57 AM
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Default Fewer children

Reducing the number of children will not impact the vast majority of your expenses. Assuming you will spend less on supplies and food, this will reduce your business expenses. Otherwise, you aren't disqualified for claiming business expenses just because you have fewer children.
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Old 11-10-2011, 08:42 PM
Growing1atime
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Thanks Tom!
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