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Daycare and Taxes>20% Qualified Business Income Deduction
tenderhearts 10:47 AM 02-07-2019
Do daycares qualify for this deduction? No one I have talked to talked to me about this except for the last guy just curious.
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TomCopeland 02:49 PM 02-07-2019
Originally Posted by tenderhearts:
Do daycares qualify for this deduction? No one I have talked to talked to me about this except for the last guy just curious.
Yes! This is a big deal. You'll be able to reduce your federal taxable income by the lower of your business profit and your family's taxable income. I'll be writing about this on my blog next week.
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tenderhearts 05:16 PM 02-07-2019
Wow that's great. I will be on the lookout for it.
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marshallbrown 05:16 AM 02-08-2019
What kind of deduction? I didn't get
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