Daycare.com Forum Kidacare by Minute Menu Force of Nature Disinfectant HiMama Childcare App

Go Back   Daycare.com 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.

Reply
 
Thread Tools Display Modes
  #1  
Old 12-19-2018, 09:45 AM
Mom2Two's Avatar
Mom2Two Mom2Two is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: U. S. A.
Posts: 1,851
Default New Child Tax Credits

I read on CNBC that the new child tax credit for minors law is taken off the taxes owed. Does that include taken off business taxes owed or just income taxes?
Reply With Quote
  #2  
Old 12-20-2018, 09:03 AM
TomCopeland's Avatar
TomCopeland TomCopeland is online now
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 2,932
Default child tax credit

Quote:
Originally Posted by Mom2Two View Post
I read on CNBC that the new child tax credit for minors law is taken off the taxes owed. Does that include taken off business taxes owed or just income taxes?
The child tax credit has doubled in 2018 from $1,000 per child to $2,000. This is a personal tax credit, not a business tax deduction.
__________________
http://www.tomcopelandblog.com
Reply With Quote
  #3  
Old 12-20-2018, 11:32 AM
Mom2Two's Avatar
Mom2Two Mom2Two is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: U. S. A.
Posts: 1,851
Default

Quote:
Originally Posted by TomCopeland View Post
The child tax credit has doubled in 2018 from $1,000 per child to $2,000. This is a personal tax credit, not a business tax deduction.
I just found this link about it.

https://www.efile.com/do-i-qualify-f...o-is-eligible/
Reply With Quote
Reply

Tags
tax credit

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may 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
Child's Behavior At Pick Up momatheart Daycare Center and Family Home Forum 11 07-29-2017 01:39 PM
I Need Your Help!!!!!! mia Daycare Center and Family Home Forum 19 02-03-2016 12:23 PM
Sick Kids From A Physician's View NoMoreJuice! Daycare Center and Family Home Forum 105 06-27-2014 04:14 PM
How Did You Choose Your Name? Nebula Daycare Center and Family Home Forum 14 08-02-2013 01:28 PM
Daycare Parents Handbook DancingQueen Daycare Center and Family Home Forum 24 12-04-2010 12:35 AM


All times are GMT -7. The time now is 04:23 PM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
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