Food Program Question-Providers Choice

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  • Sunshine75
    Daycare.com Member
    • Sep 2013
    • 109

    Food Program Question-Providers Choice

    Ok, so as I understand it I get paid per meal that I serve and I also can write off a certain amount per meal based on what I learned this weekend at a Tom Copeland seminar. Is that correct? Also, is there a tax reason that I should be keeping all my receipts for food or can those be thrown. What if you go to the store and ALL the food you buy is for daycare. Should I keep that receipt?

    Thanks so much!
  • Memc2001
    New Daycare.com Member
    • Jul 2013
    • 92

    #2
    If you are on the food program you add that to your income and then take the deduction on your taxes. Usually it's higher on my taxes than what I make from CCFP so it works out fine. I quit keeping any food receipts once I just take the standard deduction and have the documentation to back up how many kids are in care.

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    • itlw8
      Daycare.com Member
      • Jan 2012
      • 2199

      #3
      still keep the receipts you need to document mileage even when you take the standard deduction. Make sure you get the other things off like paper towels.
      It:: will wait

      Comment

      • Familycare71
        Daycare.com Member
        • Apr 2011
        • 1716

        #4
        Originally posted by itlw8
        still keep the receipts you need to document mileage even when you take the standard deduction. Make sure you get the other things off like paper towels.
        .

        I keep any receipts I have that can prove mileage even if I don't use them for a direct deduction.
        So if I deduct 10 Aldis trips on my mileage I keep those ten Aldis receipts even tho I don't need them for food deductions.

        And just a reminder... Deduct BOTH ways... I only deducted HALF my possible mileage last year!

        Comment

        • LK5kids
          Daycare.com Member
          • Oct 2012
          • 1222

          #5
          I keep every receipt as there are always other purchases on there plus I just have to HAVE to save them to be comfortable!

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