Catering Fee

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  • LovetheSun
    Daycare.com Member
    • Aug 2014
    • 159

    Catering Fee

    Hello!

    I have couple questions I hope anyone has the answers to.

    1) We have two parties a year (summer party and christmas). usually I prepare everything myself but is so much work and quite expensive. I am considering getting the food catered this year.
    Can I deduct that and if so how much do I get back (let's say it will cost $500).

    2) I take care of the backyard myself too but my back is giving me lots of issues and I should get a gardener to help instead of ruining my back! Could I deduct that as well? The backyard is ONLY used for the kids.

    I got a quote of $900 for backyard improvements but if I do that myself I will save about $400. So I am wondering if is worth spending more money on getting help if I can deduct it later.

    Thank you!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Deductions

    Originally posted by LovetheSun
    Hello!

    I have couple questions I hope anyone has the answers to.

    1) We have two parties a year (summer party and christmas). usually I prepare everything myself but is so much work and quite expensive. I am considering getting the food catered this year.
    Can I deduct that and if so how much do I get back (let's say it will cost $500).

    2) I take care of the backyard myself too but my back is giving me lots of issues and I should get a gardener to help instead of ruining my back! Could I deduct that as well? The backyard is ONLY used for the kids.

    I got a quote of $900 for backyard improvements but if I do that myself I will save about $400. So I am wondering if is worth spending more money on getting help if I can deduct it later.

    Thank you!
    You can deduct 100% of the cost of the parties. Depending on your family's adjusted gross income you can expect to reduce your taxes by about $150-$200 after spending $500.
    You can deduct 100% of the cost of the gardener, assuming you never use the back yard area personally.
    It's always better financially to spend less money and do more work yourself. Spending the extra $500 will save you about $150-$200 in taxes.
    http://www.tomcopelandblog.com

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