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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 08-15-2019, 11:24 AM
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Default How Much to Withhold for Husband and Wife Team

Hi!
My husband and I will be doing our in-home daycare together and I want to make sure we withhold enough throughout the year. We already have prior tax bills we are paying and I do not want more.

We are estimating our business to make around 100k before business expenses. Would setting aside 40% each month be enough??
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