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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Mommies that use in home daycare
Does your provider claim the income and allow you to claim the childcare expense on your taxes? Just wondering what the norm is
TIA
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Posted 3/27/09 11:25 AM  |
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Belladonna219
HOT MAMA
Member since 2/07 2642 total posts
Name:
Belladonna219
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Re: Mommies that use in home daycare
My in-home daycare is run more like a facility (different programs/classes, newsletters, outings, monthly receipts etc). In Jan they provided a form with all the tax information on it.
Message edited 3/27/2009 12:29:51 PM.
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| Posted 3/27/09 11:36 AM |
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jlp63
LIF Adolescent
Member since 2/08 871 total posts
Name:
Jenn
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Re: Mommies that use in home daycare
Mine does. She gives us receipts when we pay weekly.
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| Posted 3/27/09 11:44 AM |
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steph4777
**************
Member since 5/05 11726 total posts
Name:
Stephanie
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Re: Mommies that use in home daycare
Yes, she does. She gave me a letter with the amount we paid and her social security number.
He only goes there 2 days/week but that's still a decent amount of money we can claim.
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| Posted 3/27/09 11:47 AM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: Mommies that use in home daycare
I think I am going to ask my provider about this
she kind of runs it like a daycare in that we pay her for major holidays when she does not watch the kids, I think if she is running it like a daycare, we should be able to deduct the $$ like a daycare
Thanks all
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| Posted 3/27/09 12:07 PM |
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clmj2
cant believe hes gone
Member since 3/07 4407 total posts
Name:
Candice
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Re: Mommies that use in home daycare
Posted by jlp63
Mine does. She gives us receipts when we pay weekly.
same for us
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| Posted 3/27/09 12:09 PM |
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Bops
My 3 wishes
Member since 12/07 13625 total posts
Name:
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Re: Mommies that use in home daycare
I am a NYS licensed family provider ( on an extended maternity leave  ) and I have always given my parents a letter in January with my TIN and the amount that they payed that tax year 
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| Posted 3/27/09 1:55 PM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: Mommies that use in home daycare
honestly, I would expect to be paid more then.
I was blindsided with this. Completely unfair.
If its not discussed up front, then everything should be up for discussion, including pay.
Also...you may want to consider offering to pay her employment tax.
This is a very touchy subject.
I agreed to give my ssn number after she kept asking for it...I only did that when we dicussed her paying my the amount I was going to be taxed. What's fair is fair...why should I babysit one month free and clear???
Well...tax time comes and goes...I give her the figure, she forgets all about agreement. Okay, good luck next year!
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| Posted 3/27/09 2:11 PM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: Mommies that use in home daycare
Posted by Janice
honestly, I would expect to be paid more then.
I was blindsided with this. Completely unfair.
If its not discussed up front, then everything should be up for discussion, including pay.
Also...you may want to consider offering to pay her employment tax.
This is a very touchy subject.
I agreed to give my ssn number after she kept asking for it...I only did that when we dicussed her paying my the amount I was going to be taxed. What's fair is fair...why should I babysit one month free and clear???
Well...tax time comes and goes...I give her the figure, she forgets all about agreement. Okay, good luck next year!
yeah, she actually asked my friend who also uses her if she was going to claim the deduction for 2008. She did not mention anything to me. My friend said not for 2008 cause she did not have the correct records.
I just feel that she should not be getting paid for days she does not work unless she wants to play by the "daycare rules" all around
I am not sure what we are going to do yet.
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| Posted 3/27/09 2:20 PM |
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twicethefun
Loving life
Member since 7/06 4088 total posts
Name:
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Re: Mommies that use in home daycare
If it is a licensed daycare, they have to allow you to claim them. They have to pay their taxes. If she was not going to allow you to claim her on your taxes I think she should have been upfront with you.
Message edited 3/28/2009 4:19:57 AM.
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| Posted 3/28/09 4:12 AM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: Mommies that use in home daycare
I think you can claim it as an expense, if she claims it as income. If she works off the books you can't.
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| Posted 3/28/09 8:06 AM |
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DancinBarefoot
06ers Rock!!
Member since 1/07 9534 total posts
Name:
The One My Mother Gave Me ;-)
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Re: Mommies that use in home daycare
No, but that is our agreement. It works great for both of us.
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| Posted 3/28/09 8:59 AM |
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Pooka
Oh Happy Day!!
Member since 11/06 5689 total posts
Name:
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Re: Mommies that use in home daycare
My provider is NYS licensed and insured. If they are approved by the state then they have to let you write it off on your taxes. There is a form she should give you at the end of the year so when yo file you have all your paperwork.
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| Posted 3/28/09 9:27 AM |
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EmmaNick
*
Member since 12/06 16001 total posts
Name:
*
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Re: Mommies that use in home daycare
The credit amounts to a very minimal credit. Yes you can claim up to $3k for one child 5k for two, but that's not a deduction and that's not what you are getting back. I forget what my credit was for 6k worth of childcare, but it was around a couple hundred dollars. So if your provider is inexpensive and you don't want your rates to be raised to cover her self employment taxes and taxes on her earnings (which would likely be more than the credit) , I would just leave it be.
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| Posted 3/28/09 10:03 AM |
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babydreams
YUMMM
Member since 5/06 1687 total posts
Name:
Me
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Re: Mommies that use in home daycare
I just spoke with my accountant about this.
You can only claim up to 3k for childcare (or it will only be tax deductable up to 3k, even if you spend12k a year) and you would get back around $600.
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| Posted 3/28/09 10:19 AM |
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LadyH
April Baby Girl is Here!
Member since 12/07 1077 total posts
Name:
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Re: Mommies that use in home daycare
Posted by babydreams
I just spoke with my accountant about this.
You can only claim up to 3k for childcare (or it will only be tax deductable up to 3k, even if you spend12k a year) and you would get back around $600.
I think it may turn out to be more if you use flex $ if you company provides it.
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| Posted 3/28/09 10:46 AM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: Mommies that use in home daycare
No I don't claim her....we never discussed it and honestly I don't think for us its worth it. We pay her for the full week ($200 for 4 days) whether DD only goes for 1 day or the full 4 days. She takes excellent care of DD and I think I have a great deal. IMO depends on how much you pay.
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| Posted 3/28/09 11:54 AM |
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steph4777
**************
Member since 5/05 11726 total posts
Name:
Stephanie
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Re: Mommies that use in home daycare
Our lady is licensed through the state (I'm in IL) and insured to watch the kids, she's running a business IMO so there should be no shock that I'm going to deduct what I pay her.
If the person didn't have a formal business and was just watching my kid, I can understand why there was would some confusion if it wasn't discussed before services started.
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| Posted 3/28/09 12:30 PM |
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