Meal write offs

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  • awestbrook713
    Mommyto3boys
    • Aug 2011
    • 421

    Meal write offs

    I read in another post that you need to use the write off amounts that were in effect at the beginning of 2011 but what if you didn't start your daycare until August and the new amounts are out. I have signed up for the food program and from what I could tell from my meeting with the food program representative I will be receiving the new amounts for my meals. What about my tax deductions do I use the new amounts or old?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Food deductions

    Use the standard meal rate that was in effect in January 2011, even though your business began this August.
    http://www.tomcopelandblog.com

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    • awestbrook713
      Mommyto3boys
      • Aug 2011
      • 421

      #3
      Thank you! By the way reading your Record keeping book and think its great so much information.

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