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Daycare Center and Family Home Forum>General Question about Taxes
Sunshine75 11:38 AM 12-20-2013
It's hard to believe 2014 is right around the corner and thus also doing our taxes. This is a very general question but as this will be my first year having daycare taxes wondering how badly providers are hit at tax time. My scenario is this...I have two little ones I watch and have spent quite a bit of money on training, conferences and getting my daycare set up with safety items, toys, high chairs, etc.... Just really hoping I don't get socked with taxes as I only have my income from 2 children. Also, is it worse having only 2 children or does it balance out due to income being lower? Thanks so much for any help you can provide. OH, also is there a calculator online that can help you figure out an estimate of taxes due or owed to you? Thanks!
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