Three Provider Tax Tips Now in English and Spanish!

Too often family child care providers, and sometime tax professionals, don't understand the unique tax rules affecting their business. Here are three "Family Child Care Home Provider Tax Tips" that will help providers better understand the basics of what they can deduct and how to determine how much of an expense they can deduct.

These Tax Tips can be freely shared by individual providers as well as by organizations serving providers. They are presented here in a Word and PDF format in English and Spanish. Organizations and association can put their own logo at the top of the Tax Tips and then share them.

English

PDF: "Understanding the Time-Space Percentage Used to Claim Business Expenses on Your Tax Forms"

PDF: "IRS Schedule C: Understanding Business Deductions Using Schedule C for Sole Proprietors"

PDF: "IRS Form 8829: Understanding Expense Deductions for the Business Use of Your Home"

Spanish

PDF: Consejos tributarios para “Proveedores del Cuidado Infantil en el Hogar” Entendiendo el porcentaje de Espacio-Tiempo utilizado para reclamar gastos comerciales en sus formularios de impuestos

PDF: Consejos Tributarios para Proveedores del Cuidado Infantil en el Hogar Anexo C del formulario del IRS: entienda las deducciones comerciales como propietario único utilizando el Anexo C

PDF: Consejos Tributarios para Proveedores del Cuidado Infantil Familiar en el Hogar Formulario 8829 del IRS: Entendiendo las deducciones de gastos para el uso comercial de su hogar

A big thanks to Grace Reef from the Early Learning Policy Group, LLC and Child Care Aware of New Jersey, Child Care Resources of Monmouth County, and Camden County Department of Children's Services for creating these Tax Tips!

Tom Copeland - www.tomcopelandblog.com

Image credit: https://www.flickr.com/photos/moneyblognewz/5610981299