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The Tax Consequences of Renting

When you rent something that is used in your family child care business, you can deduct it using the rules described below: House/Apartment – Deduct the Time-Space % of your monthly rent. You won’t be able to claim any mortgage… Read More ›

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 ›