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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 02-12-2018, 01:33 PM
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Tigerlilly Tigerlilly is offline
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Default Deduction Question

Another posthing about deductions got questioning this but I was told that unless my expenses were over $24,000, I would not be able to claim my expenses as deductions? Was this info incorrect?
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Old 02-12-2018, 03:29 PM
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TomCopeland TomCopeland is online now
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Default Expenses

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Originally Posted by Tigerlilly View Post
Another posthing about deductions got questioning this but I was told that unless my expenses were over $24,000, I would not be able to claim my expenses as deductions? Was this info incorrect?
Totally bogus. I think what this is getting at is that if you are married the new standard deduction for 2018 is $24,000. But this has nothing to do with your ability to claim all business deductions!
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