I'm a home daycare provider. Can I claim my house mortgage payments?

There's a place for rent payments. Can house Mortgage payments be listed there as well? I'm also wondering where to enter amount for meals. Is that under other? My CPA had my pastdue taxes for 9 months, without doing them. I bought Turbotax %26amp; I'm trying to figure it out myself. Thanks for any help!I'm a home daycare provider. Can I claim my house mortgage payments?
You can't claim the mortgage payment--that's a combination of interest (deductible) and principal (only as depreciation).





As for use of your home, as a licensed daycare provider you are able to use publication 587.





Standard meal and snack rates. If you qualify as a family daycare provider, you can use the standard meal and snack rates, instead of actual costs, to compute the deductible cost of meals and snacks provided to eligible children. For these purposes:


A family daycare provider is a person engaged in the business of providing family daycare.





Family daycare is childcare provided to eligible children in the home of the family daycare provider. The care must be non-medical, not involve a transfer of legal custody, and generally last less than 24 hours each day.





Eligible children are minor children receiving family daycare in the home of the family daycare provider. Eligible children do not include children who are full-time or part-time residents in the home where the childcare is provided or children whose parents or guardians are residents of the same home. Eligible children do not include children who receive daycare services for personal reasons of the provider. For example, if a provider provides daycare services for a relative as a favor to that relative, that child is not an eligible child.








You can compute the deductible cost of each meal and snack you actually purchased and served to an eligible child during the time period you provided family daycare using the standard meal and snack rates shown in Table 3, later. You can use the standard meal and snack rates for a maximum of one breakfast, one lunch, one dinner, and three snacks per eligible child per day. If you receive reimbursement for a particular meal or snack, you can deduct only the portion of the applicable standard meal or snack rate that is more than the amount of the reimbursement.





You can use either the standard meal and snack rates or actual costs to calculate the deductible cost of food provided to eligible children in the family daycare for any particular tax year. If you choose to use the standard meal and snack rates for a particular tax year, you must use the rates for all your deductible food costs for eligible children during that tax year. However, if you use the standard meal and snack rates in any tax year, you can use actual costs to compute the deductible cost of food in any other tax year.





If you use the standard meal and snack rates, you must maintain records to substantiate the computation of the total amount deducted for the cost of food provided to eligible children. The records kept should include the name of each child, dates and hours of attendance in the daycare, and the type and quantity of meals and snacks served. This information can be recorded in a log similar to the one shown in Exhibit A, later.





The standard meal and snack rates include beverages, but do not include non-food supplies used for food preparation, service, or storage, such as containers, paper products, or utensils. These expenses can be claimed as a separate deduction on your Schedule C (Form 1040).











Table 3. 2007 Standard Meal and Snack Rates





Location of Family Daycare Provider Breakfast Lunch Dinner Snack


States other than Alaska and Hawaii $1.06 $1.97 $1.97 $0.58


Alaska $1.69 $3.20 $3.20 $0.95


Hawaii $1.24 $2.31 $2.31 $0.69I'm a home daycare provider. Can I claim my house mortgage payments?
VB pretty much explained it all.


on schedule C: profit or loss from business





your daycare supplies go on part II - #22. line 23 is where you put your daycare licenses - 27 you might have other expenses.





schedule 8829 - you can't put mortgage payments - but put your mortgage interest on part II line 10 (b) and under that you can do the real estate taxes - house insurance - utilities - etc..... you will have to figure out your timespace % to see how much of this you can take off.


Dont forget schedule SE for self employment tax -





and heres a great URL if you need to learn something.
as a daycare provider, you are running a business -- the tax aspects go on schedule C to form 1040.





there are special rules for the office in the home deduction for daycare providers, which replace some of the other possible deductions [rent, mortgage interest, etc.]





see the instructions. you might want to search the irs.gov website for ';daycare provider'; as well.