I will be paying someone to provide care for my two kids.?

Question

I was asked by CCIS(child care subsidy) that I have to complete w-9 and pay my own taxes... What can I write off? can I write my rent/ car lease etc?

I was told that W-9 was neccessary for in-home care for my kids since I work overnight and will eventually pay my own taxes. CCIS will give me a check monthly... I then have to pay my child care provider AND PAY MY OWN TAXES... HELP! I need to write off whatever I can!

Answer 1

You need the help of a tax professional. Folks doing what you do are ripped off by the system each year because they do not know how to file a proper tax return. You appear to have a number of issues that handled property should give you a pleasant surprise when you learn what your refund will be.

Answer 2

No, you can't write off your rent or car lease expenses.

You'd be able to write off child care expenses, but only the amount that isn't subsidized - you can't double-dip.

It sounds like you need the help of a tax professional (like a CPA - NOT H&R Block) to get you started on all this, unless CCIS provides very detailed instructions on what you have to do. Once it's all set up and you have a pattern to follow, the following years you can probably do it yourself.

Good luck.

Answer 3

you can claim a credit against your tax for Child Care Expenses - see IRS Form 2441.

You can't write off personal expenses - only expenses that are directly related to your trade or business and that are not commuting in nature.

Answer 4

Y ou should,along with any furniture bills(?),donations,micellaneous things...should be on a list.Why can't you write daycare off?It's an out of pocket expense.My friends with were able to.