Food Program & Standard Meal Deductions
Collapse
X
-
-
For instance, if you serve breakfast at 7am, morning snack at 9am, lunch at 11:30am, afternoon snack at 3pm and dinner at 5pm and you have a child that attends from 7am to 5:30pm and you feed him all of the above meals you should be keeping track of all of those meals in your food program paperwork. Your food program will then take those meal counts and reimburse you for 4 of them (usually the most larger/expensive ones). In some cases the food program will only count dinner if it's past a certain hour like past 6pm or 7pm so they will reimburse you for breakfast, lunch and 2 snacks but then you can claim all of the meals on your taxes later and also claim dinner.
Then at the end of year you will have all of your meal count claims and can claim all of the meals that you served on your taxes. The food program shouldn't hassle you for counting them all on your food claims, they'll simply only reimburse you for 4 meals.- Flag
Comment
-
If you are on the food program you should be keeping track of all of the meals that you are serving to the daycare kids regardless of whether or not the food program will reimburse you for them all.
For instance, if you serve breakfast at 7am, morning snack at 9am, lunch at 11:30am, afternoon snack at 3pm and dinner at 5pm and you have a child that attends from 7am to 5:30pm and you feed him all of the above meals you should be keeping track of all of those meals in your food program paperwork. Your food program will then take those meal counts and reimburse you for 4 of them (usually the most larger/expensive ones). In some cases the food program will only count dinner if it's past a certain hour like past 6pm or 7pm so they will reimburse you for breakfast, lunch and 2 snacks but then you can claim all of the meals on your taxes later and also claim dinner.
Then at the end of year you will have all of your meal count claims and can claim all of the meals that you served on your taxes. The food program shouldn't hassle you for counting them all on your food claims, they'll simply only reimburse you for 4 meals.
I think I should call and ask my food program.....- Flag
Comment
-
Here's one example of something that you can use to keep track
You can always use it as a sample and create your own version of it in excel or something similar. For now you can go back and check your attendance records to determine which meals your DCK's were present for and recreate your meals counts based on the hours that they were in daycare. You'd have to go day by day but at least you can also claim the extra meals you served that the food program didn't cover.- Flag
Comment
-
Food
Claim food expenses on Schedule C, line 28 Other (shown on the back of the form).
Join me for a webinar “2012 Tax Changes: How to Avoid Mistakes on Your Tax Return” Tuesday, February 12th at 8:30-10:00pm Eastern Time. The cost is $25 (100% tax deductible!). To register: http://events.r20.constantcontact.co...&llr=yatrx4cab- Flag
Comment
-
I only qualify for the Tier 2 deduction. I am thinking that it would be more beneficial for me to take the standard meal allowance at the end of the year. I am currently signed up for a food program, but may be going off of it because it seems to make more sense to just take the standard meal allowance. Thoughts?- Flag
Comment
-
I only qualify for the Tier 2 deduction. I am thinking that it would be more beneficial for me to take the standard meal allowance at the end of the year. I am currently signed up for a food program, but may be going off of it because it seems to make more sense to just take the standard meal allowance. Thoughts?- Flag
Comment
Comment