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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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#1
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Last year I was not on the food program so I kept track of how many breakfast, lunch and snacks I served.
This year I am looking at the possibility of getting on the food program. It is my understanding that you have to deliver the same type of information to them...what you served and to how many children, then you get a reimbursement check each month. I know you would have to claim this as income but do you still get the standardized deduction for the meals you served on your taxes as well? |
#2
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Yes, you still get the deduction. On the food program you can only claim 3 meals/snacks per day, and since I actually serve 4 (breakfast, am & pm snack and lunch) I can deduct more than what I'm paid on the program. I think the IRS guidelines actually allow up to 6 meals/snacks per day to be deducted.
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#3
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food deductions, food program, meal expenses |
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