Provider Food Expense

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    Provider Food Expense

    Can meals be claimed that i pay for myself when at a conference, training, or our child care association meeting?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Own food

    You can only deduct food for yourself when you are on a business trip and stay overnight away from home. When you do this, you can deduct 50% of the cost of the food you eat, or claim a standard rate of $46 a day (divided by 2). This rate is higher in larger towns. See IRS publication 1545 for details.

    Join me for my "2011 Family Child Care Tax Update: How to Reduce Your Taxes" webinar on February 9th, 8:30-10:00pm Eastern time. For details:http://events.r20.constantcontact.co...&llr=yatrx4cab
    http://www.tomcopelandblog.com

    Comment

    • wdmmom
      Advanced Daycare.com
      • Mar 2011
      • 2713

      #3
      Does this mean that any lunches purchased for my assistant aren't tax deductible either?

      Comment

      • TomCopeland
        Business Author/Trainer
        • Jun 2010
        • 3062

        #4
        lunch for assistant

        Originally posted by wdmmom
        Does this mean that any lunches purchased for my assistant aren't tax deductible either?
        You can deduct the cost of the lunch (or snacks) served to your assistant. Use the standard meal allowance rate for these meals and snacks, unless you want to safe receipts and estimate the actual cost of the food served.
        http://www.tomcopelandblog.com

        Comment

        • wdmmom
          Advanced Daycare.com
          • Mar 2011
          • 2713

          #5
          Originally posted by TomCopeland
          You can deduct the cost of the lunch (or snacks) served to your assistant. Use the standard meal allowance rate for these meals and snacks, unless you want to safe receipts and estimate the actual cost of the food served.
          What about fast food lunches? You can only deduct the standard meal allowance not the face value?

          Comment

          • TomCopeland
            Business Author/Trainer
            • Jun 2010
            • 3062

            #6
            standard meal allowance

            Originally posted by wdmmom
            What about fast food lunches? You can only deduct the standard meal allowance not the face value?
            You either use the standard meal allowance rule for all your meals and snacks or the actual food cost for all meals and snacks. Therefore, when using the standard meal allowance rule, a fast food lunch is still only deductible at $2.22 a meal.
            http://www.tomcopelandblog.com

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