Referral bonus?

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  • Shell
    Daycare.com Member
    • Jul 2013
    • 1765

    Referral bonus?

    Just wondering if referral bonuses are deductible? I see a place on taxes for this deduction, but just want to make sure. I'm sure there are others here that give a monetary gift for referrals, so maybe this will help someone else out as well. Thanks!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    referral deduction

    Originally posted by Shell
    Just wondering if referral bonuses are deductible? I see a place on taxes for this deduction, but just want to make sure. I'm sure there are others here that give a monetary gift for referrals, so maybe this will help someone else out as well. Thanks!
    If you give parents, or anyone else, cash for sending your a referral, it's 100% tax deductible. If you give them free child care, the value of the free care is not deductible.
    http://www.tomcopelandblog.com

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    • Shell
      Daycare.com Member
      • Jul 2013
      • 1765

      #3
      Thank you!

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