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mommafishy
LIF Zygote
Member since 1/12 40 total posts
Name:
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TAXES: writing off children's classes
A friend told me that her accountant writes off all the activities she pays for for her kids. She said that Gymboree, any Mommy and Me that you pay for, or swimming etc. are all refundable.
But she had no details of how to go about it. Has anyone done this? Do you need Tax ID #'s??? How does it work if you do your own taxes?
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Posted 1/31/12 7:05 PM  |
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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Re: TAXES: writing off children's classes
Not sure, but our acct said swimming isnt deductible. He said you have to leave the child for a certain period of time like in a daycare setting.
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| Posted 1/31/12 7:19 PM |
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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Re: TAXES: writing off children's classes
He mentioned it being a red flag and we would be more likely to get audited...just an FYI
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| Posted 1/31/12 7:22 PM |
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Lillykat
going along for the ride...
Member since 5/05 16253 total posts
Name:
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Re: TAXES: writing off children's classes
I could be wrong but I thought preschool and some classes were but ONLY if both parents work because it would be considered day care. I don't think you can normally write off classes.
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| Posted 1/31/12 7:32 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: TAXES: writing off children's classes
Posted by mommafishy
A friend told me that her accountant writes off all the activities she pays for for her kids. She said that Gymboree, any Mommy and Me that you pay for, or swimming etc. are all refundable.
But she had no details of how to go about it. Has anyone done this? Do you need Tax ID #'s??? How does it work if you do your own taxes?
If she has no details of how she did it, I highly doubt she did - as you need tax ID#'s, legal names, addresses, etc. It's not something you can just make up.
Technically speaking, no - those types of activities are generally not deductible, as your child has to be enrolled in them so mommy and daddy can either work, go back to school, be job hunting, or be disabled.
You would be hard pressed to prove to the IRS that your child needs to be in Mommy & Me so you can work or go on an interview, etc.
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| Posted 1/31/12 9:18 PM |
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mommafishy
LIF Zygote
Member since 1/12 40 total posts
Name:
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Re: TAXES: writing off children's classes
Posted by Karen
Posted by mommafishy
A friend told me that her accountant writes off all the activities she pays for for her kids. She said that Gymboree, any Mommy and Me that you pay for, or swimming etc. are all refundable.
But she had no details of how to go about it. Has anyone done this? Do you need Tax ID #'s??? How does it work if you do your own taxes?
If she has no details of how she did it, I highly doubt she did - as you need tax ID#'s, legal names, addresses, etc. It's not something you can just make up.
Technically speaking, no - those types of activities are generally not deductible, as your child has to be enrolled in them so mommy and daddy can either work, go back to school, be job hunting, or be disabled.
You would be hard pressed to prove to the IRS that your child needs to be in Mommy & Me so you can work or go on an interview, etc.
She didn't make it up. She did mention Tax ID#'s.....but she wasn't sure of all the details. Maybe she had a different circumstance- I figured it would be too good to be true for me! Thanks everyone for your advice! Glad I asked first before pursuing!
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| Posted 1/31/12 10:43 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: TAXES: writing off children's classes
Posted by schmora15
Not sure, but our acct said swimming isnt deductible. He said you have to leave the child for a certain period of time like in a daycare setting.
that's exactly what my accountant told me as well.
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| Posted 2/1/12 9:01 AM |
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luvmyReese
Hello Kitty
Member since 1/08 7542 total posts
Name:
Catt
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Re: TAXES: writing off children's classes
def need Tax ID or SS'# to claim day/childcare.
If the swimming or any physical activities were for therapy reasons I believe you can claim that.
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| Posted 2/1/12 9:44 AM |
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