KrisD15
Expert Alumni

Deductions & credits

For Tax Year 2024, the entire cost of meals for children at a daycare can be expensed.

Enter that under "Business" "Business Income and Expenses" "Other Common Business Expenses" "Meals" "Meals: 100% Limit"

 

HOWEVER, for Tax Year 2024, only 50% of the cost of meals for daycare staff can be expensed.

To expense meals for daycare staff workers, the amount you can claim is reduced to only 50%.

Enter this (the 50% amount) under

Business

Business Income and Expenses

Other Common Business Expenses

Other Miscellaneous Expenses

 

Type "50% of Provider Meals" or something similar and 50% of the total expense 

 

Please see page 13 of Pub 587 for more information. 

 

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