Tax Advantages for Home Daycares

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Tax Advantages for Home Daycares – This is a place for the community to provide tips and advice on Tax Advantages for Home Daycares. This topic was created by Ali Syed and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - What's Deductible in a Family Child Care Business?

Published: 9 years, 5 month(s) ago | Submitted by Helle Stenstrup | permalink

Are you a new family child care provider who wonders what you can deduct as a business expense? Or are you an experienced child care provider who wonders if you are claiming all the business deductions you are allowed? Family child care is a unique business in which you can...
Tags: child care, Tom Copeland, deductions, in-home child care, family day care, IRS,

For further reading: http://www.tomcopelandblog.com/2012/09/whats-deductible-in-a-family-child-care-business.html ^[1]

Tip 2 - Tax Advantages for Home Daycares

Published: 9 years, 5 month(s) ago | Submitted by Yollana Shore | permalink

Starting a home daycare business is a good option for parents with young children, retirees and for taxpayers who enjoy working with children. Furthermore, the Internal Revenue Code provides home ...

For further reading: http://smallbusiness.chron.com/tax-advantages-home-daycares-17794.html ^[2]

Tip 3 - How to Prepare for Tax Time With Your Home Daycare

Published: 9 years, 5 month(s) ago | Submitted by Sue Craig | permalink

The Bureau of Labor estimated more than one-third of all daycare workers operated as self-employed businesses in 2010, and many of these daycare centers cared for children in the business owners' ...

For further reading: http://smallbusiness.chron.com/prepare-tax-time-home-daycare-40538.html ^[3]

Tip 4 - A List for Tax Deductions for the Self-Employed in Home Day Care

Published: 9 years, 5 month(s) ago | Submitted by Alexander Bryukhanov | permalink

Opening your home to care for children gives you the opportunity to cash in on several tax deductions. Any purchases or expenses related to the day-care business are potential deductions on your tax ...

For further reading: http://smallbusiness.chron.com/list-tax-deductions-selfemployed-home-day-care-10361.html ^[4]

Tip 5 - Daycare Provider Tax Write-offs

Published: 9 years, 5 month(s) ago | Submitted by Darla Thompson | permalink

Daycare providers take care of children in their parent's absence. Child care is provided in the caregiver's home or in a public facility or private. Providers qualify for many of the same tax ...

For further reading: http://smallbusiness.chron.com/daycare-provider-tax-writeoffs-21092.html ^[5]

Tip 6 - What Deductions Can I Claim as a Child Care Provider?

Published: 9 years, 5 month(s) ago | Submitted by John Florance | permalink

Running your own child care provider business has several advantages, including the ability to claim business deductions on your taxes. Some deductions are common across many types of small ...

For further reading: http://smallbusiness.chron.com/deductions-can-claim-child-care-provider-18639.html ^[6]