Taking out tax

[Unregistered]

How do you figure your income and take out enough for tax? I have my own home daycare and one person pays out of pocket so i do need to include that too correct?

THanks

[Unregistered]

I pay in quarterly 30% of my income. and yes you have to include cash payments.

[TomCopeland]

paying taxes

It's difficult to generalize about how much you should pay in because providers' individual situations can be very different (cost of home, personal health expenses, etc.). My rough guess would be to send in about 20% of your gross income (parent payments plus Food Program reimbursements).