Your industry worksheet
Daycare Provider (PDF, 63 kb)
Our P&L worksheet for your profession.
The time-and-space method
In-home providers can allocate a portion of mortgage interest, utilities, depreciation, insurance, and repairs to the daycare business based on: the percentage of the home used for daycare, multiplied by the percentage of total hours the home is used for daycare.
CACFP and food program income
Reimbursements from the Child and Adult Care Food Program (CACFP) are reportable income. The standard meal and snack rate method lets providers deduct a per-meal amount in lieu of tracking actual food costs.
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Licensing and insurance
Florida state licensing fees, FDLE background checks, required continuing education, liability insurance, and supplies (toys, cribs, car seats) are all ordinary business expenses.
Common questions
- Do I need to file a Schedule C?
- Yes, home daycare operators file Schedule C even though the business runs from their home.
- Can I deduct food expenses?
- Yes. Most providers use the standard meal and snack rates from USDA, which eliminates the need to itemize food receipts.