Forum Daycare Forum

Go Back Forum > Daycare and Taxes

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.

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 01-03-2020, 01:00 PM
Posts: n/a
Default Daycare Tuition; 2019 or 2020 Tax Year?

This is my first year having two years in one week at the end of the year, so I apologize if this question is obvious.

How do I split up the years for tuition? For example: I had 3 different payments accepted prior to the 1st of this year, but the tuition was for two days in 2020. Do I put it all on 2019 since the payment was cleared in my bank account and the payment was accepted in 2019? Or do I put Monday in 2019 and Thursday and Friday in 2020?

I also have a parent paying today for the 30th, 2nd, and 3rd. Do I split this up or would it all be considered 2020 since Iím being paid in 2020? To make it even more complicated, this parent has a credit of $15 from mid December that they have forgotten to balance out each time they pay me. Do I just leave the credit on their account until itís balanced out or do I have to figure that in somewhere for 2019 since I received it in 2019 even though itíll technically be for 2020 and I havenít spent the payment, as it was paid in cash?
Reply With Quote

deduction - tuition, tuition breakdown

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Daycare Providers Wish Parents Knew These 12 Things Michael Parents and Guardians Forum 22 11-04-2019 07:56 PM
Three Year Old Paying Her Own Daycare Meeko Daycare Center and Family Home Forum 18 07-14-2016 09:35 AM
Has Anyone Had Any Luck Refinancing A Mortgage This Year Due To Daycare? sunlight Daycare Center and Family Home Forum 5 06-24-2014 06:12 PM
2 1/2 Year Old Kick Out Of Daycare momagain Parents and Guardians Forum 12 04-29-2013 12:53 PM
How Does Your 2YO Daycare Kids Behave? My4SunshineGirlsNY Daycare Center and Family Home Forum 12 12-28-2010 07:13 PM

All times are GMT -7. The time now is 01:55 PM.         Find A Daycare         List Your Daycare         Toys & Products                 About Us
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming