Form 8829

How to Depreciate Your Home

Every family child care provider who owns a home should depreciate it and claim a substantial tax deduction. I’ve written a previous article about why you should never listen to anyone tell you not to depreciate your home. Here’s a… Read More ›

How Much Do You Want to Earn?

Although few family child care providers ask this question of themselves, it is an important one for any person who runs their own business. I recommend that you set a goal for how much money you want to make in… Read More ›

The Perils of Operating at a Loss

Family child care is a for-profit business. Although some child care providers do earn a reasonable income, many others do not. In 2007 I surveyed over 500 child care providers for my book on money management. I found that 74%… Read More ›