Only worked from June-Dec

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  • Orange2001
    Daycare.com Member
    • Jun 2016
    • 23

    Only worked from June-Dec

    How would I figure my hours for the T/S % ?

    If I only worked at the home child care for the last half of they year I'm worried (and my husband who usually prepares our taxes) that we will still have to claim ygr standard deduction for this year. Any help or suggestions thanks.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    time-space %

    Originally posted by PumpkinPatch
    How would I figure my hours for the T/S % ?

    If I only worked at the home child care for the last half of they year I'm worried (and my husband who usually prepares our taxes) that we will still have to claim ygr standard deduction for this year. Any help or suggestions thanks.
    Here's an article about how to calculate your time-space % when you are in business for less than 12 months of the year. It may or may not affect your ability to itemize your tax return. You can always claim the standard deduction.
    How does a family child care provider calculate her Time-Space Percentage when she was not in business for the entire year? Let's say Paula Provider started caring for children on April 1st. In March she worked 20 hours getting her business ready (organizing her playroom area, writing flyers, devel
    http://www.tomcopelandblog.com

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    • Orange2001
      Daycare.com Member
      • Jun 2016
      • 23

      #3
      Great thanks so much

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