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Daycare and Taxes>Thank You Gift for DC Parents
e.j. 10:33 AM 02-03-2019
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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Michael 12:17 PM 02-03-2019
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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e.j. 05:33 PM 02-03-2019
Thanks, Michael. I'll check them.
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TomCopeland 02:41 PM 02-05-2019
Originally Posted by e.j.:
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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e.j. 03:35 PM 02-05-2019
Awesome! Thanks for your reply.
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Tags:claiming gifts, deduction - gifts
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