Food Program

[awestbrook713]

I participate in the food program and have a question. I was reading through my redleaf calender keeper and see it says the money I received from the food program for my own children is not taxable. I use the MMK program and put my food program income into other income, when I do this should for example: August payment was 258.17. 126.75 of this is for meals fed to my own 3 children, do I subtract that amount from the total and put the remaining 131.42 as the income? Sorry if this is confusing, I just want to make sure I understand this and am recording my income correctly.

[squareone]

So your own children qualify to participate in the food program?

[TomCopeland]

Food Program

Yes, subtract the money you receive from the Food Program for your own children, from the total amount you received. The result is your taxable income, in your case $131.42.

[awestbrook713]

Yes my children qualify. As long as I am feeding a day care child the meals I feed my children count as well.

Thank you Tom.

[Unregistered]

Food Program, Claiming Food expenses?

I participate in the food program as well. I had the same question as the previous poster. So, thank you for already answering my question.

My second question for this would be. I use MMK (it's been fantastic!) But when I enter in a food purchase (in the record expense section) it doesn't show in the amount as a 100% business expense to the right. (I purchase food separate from my family food.) Am I doing something incorrectly?

Are all food purchases 100% deductible? I thought they were if used 100% for business?

Is there anything else useful to know about food expenses and taxes?

[TomCopeland]

Food expenses

I participate in the food program as well. I had the same question as the previous poster. So, thank you for already answering my question.

My second question for this would be. I use MMK (it's been fantastic!) But when I enter in a food purchase (in the record expense section) it doesn't show in the amount as a 100% business expense to the right. (I purchase food separate from my family food.) Am I doing something incorrectly?

Are all food purchases 100% deductible? I thought they were if used 100% for business?

Is there anything else useful to know about food expenses and taxes?

You can enter that your food expense is 100% business by entering "100%" when asked how much of the expense is business. Only food eaten by day care children is deductible. Food eaten by you or your own children is never a deduction. I've written about claiming food expenses on my blog:http://www.tomcopelandblog.com/food-...-expenses.html