For 2016, I would like to claim actual expenses for food (it's a LOT). How do I do this? How would the IRS know whether the food was for daycare or not? I'm worried about an audit and my expenses not being allowed. About 75% of our food costs are daycare related. I THINK that I'd do better claiming this way, but have no idea how to go about doing it. I have heard that I must keep daycare and personal food receipts separate, but is that all I must do? I think it would be a pain to do, since I have all of my food delivered, but I COULD do that.
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Originally posted by Leigh View PostFor 2016, I would like to claim actual expenses for food (it's a LOT). How do I do this? How would the IRS know whether the food was for daycare or not? I'm worried about an audit and my expenses not being allowed. About 75% of our food costs are daycare related. I THINK that I'd do better claiming this way, but have no idea how to go about doing it. I have heard that I must keep daycare and personal food receipts separate, but is that all I must do? I think it would be a pain to do, since I have all of my food delivered, but I COULD do that.
I found this (the rates are NOT correct) but it does a good job of explaining how you should claim. I think
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Originally posted by Blackcat31 View PostYou claim the standard meal reimbursement rates x the number of kids/meals served I believe.
I found this (the rates are NOT correct) but it does a good job of explaining how you should claim. I think
https://www.irs.gov/pub/irs-drop/rp-03-22.pdf
Standard Meal Allowance Rates for 2015 income tax returns
(in the continental U.S.)
$1.31 for each breakfast
$2.47 for each lunch or supper
$0.73 for each snack
(up to 3 snacks per day for each child)
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Originally posted by Thriftylady View PostThe new rates are out. I think Tom posted them let me see if I can find them. That is what I am using.
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Originally posted by Blackcat31 View PostI know the rates (http://tomcopelandblog.com/2015-2016...ates-announced) I was just pointing out the rates listed in the IRS link I posted were incorrect.
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