[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-241711-105":53,"doc-detail-241711-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","getting-ready-for-2024-tax-returns-family-child-care-provider-tips-spring-2025","Getting Ready for 2024 Tax Returns - Family Child Care Provider Tips - Spring 2025","","Webinar guidance for family child care providers on preparing and filing 2024 taxes during spring 2025. Covers how grants and state funding may affect taxable income, how IRS Form 1099-NEC links to Schedule C line items, and how to verify reported amounts. Explains what qualifies as “ordinary and necessary” business expenses for Schedule C, including shared expenses and Form 8829 reporting, plus practical record-keeping to improve tax outcomes.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/getting-ready-for-2024-tax-returns-family-child-care-provider-tips-spring-2025/241711/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/getting-ready-for-2024-tax-returns-family-child-care-provider-tips-spring-2025/241711.png","ImageObject",442,249,{"name":88,"@type":89},"Rizky","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-12","2026-09-12",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What counts as income for a family child care provider filing 2024 taxes?","Question",{"text":108,"@type":109},"Income can include parent payments, state grants (such as subsidy/other state programs), and amounts from food programs like CACFP. Even if a provider does not receive a 1099, these funds still must generally be claimed as revenue.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does IRS Form 1099-NEC relate to Schedule C for 2024?",{"text":113,"@type":109},"The amount reported on the 1099-NEC is entered on Schedule C, where it may feed into line items such as gross receipts. The webinar emphasizes double-checking that the 1099 amount matches the funds received in 2024.",{"name":115,"@type":106,"acceptedAnswer":116},"Which expenses can be deducted on Schedule C, and how are shared expenses handled?",{"text":117,"@type":109},"Expenses are deductible if they are “ordinary and necessary” and related to running the child care business. For shared costs that are partly business and partly personal, the webinar notes shared expense calculations on Form 8829.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},241711,1790440101,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},962085564807,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Getting Ready for 2024 Tax Returns: Family Child Care Provider Tips  \n(for tax returns filed in the spring of 2025)  \nDon’t Let Tax Season Get You Down: Be Ready!  \nKnow the basics! ☺  \nGrace Reef  \nEarly Learning Policy Group, LLC  \nChild Care Aware of New Jersey, February 27, 2025 [GraceReef2013@gmail.com](GraceReef2013@gmail.com)  \n2024 – What a year!  \nEconomy Impact: Many family child care providers  \n• Struggled to maintain full enrollment  \n• Faced staffing challenges  \n• May have shut down temporarily due to COVID-19/other illnesses  \n• Had fluctuations in revenue  \n• Had increased costs (e.g., health & safety, cleaning, FOOD, etc. )  \n• May have received government funds (e.g., subsidy, CACFP, etc. )  \nThis webinar is about getting ready to file 2024 taxes (during Spring 2025)  \n• Handling grants  \n• Common tax deductions  \n• Basic tax forms  \n• Maximizing income (which means reducing tax liability)  \n• Record-keeping that can save you money  \n• Q&A  \n* I am not rendering legal, tax, or other professional advice. If you require this typeof assistance, please consult a professional to represent/work with you.  \nIncome  \nWhat’s considered income?  \n• Parent payments  \n• State grants (e.g., subsidy, DFD, NJ EDA, etc.)  \n• Food program (e.g., CACFP)  \nIRS Form 1099-NEC: Sample Form  \nIRS Form 1099-NEC (Nonemployee Compensation)  \n• If you received more than $600, the agency/organization may send you IRS Form 1099-NEC.  \n• If so, there should be an amount listed on line 1 (Nonemployee compensation)  \n• This amount may represent:  \n• One or more grants you received in 2024 (e.g., maybe a stabilization grant, Thriving by Three, etc. ) .  \n• Child care subsidy funding  \n• If you don’t receive a 1099, you still need to claim these funds as revenue (income) to your program.  \n•  Double check that the 1099 is the amount you received.  \nTIP: Make sure you keep a record of all funds received and flag funds from the state so you can match that amount to the 1099. Likely it’s correct, but double checking is best. ☺  \n2024 – Schedule C with 1099 Information  \nSchedule C with Form 1099-NEC Info  \nSample Form  \n$3,000  \nIt’s the government. So, there’s forms…  \n• The income from the IRS Form 1099-NEC is listed on the IRS Schedule C Form (Profit and Loss From a Business)  \nFor example, the $3,000 on the 1099 could represent:  \n• $2,000 for stabilization  \n• $1,000 for bonus/retention grants  \n• Maybe more if you received child care subsidy payments  \n• The $3,000 is listed on Schedule C, line 6  \n* A larger (more readable) version is on the next slide.  \nIRS website: [https://www.irs.gov/forms-pubs/about-schedule-c-form-1040](https://www.irs.gov/forms-pubs/about-schedule-c-form-1040)[ ](https://www.irs.gov/forms-pubs/about-schedule-c-form-1040)Spanish: [https://www.irs.gov/es/forms-pubs/about-schedule-c-form-1040](https://www.irs.gov/es/forms-pubs/about-schedule-c-form-1040)  \n2024 – Schedule C with 1099 Information  \nSample Schedule C/Top Half of Form  \nSample IRS 1099-NEC Form  \n$3,000  \nIncome from Parents.  \n• Insert total income from parents on line 1 (gross receipts)  \n$3,000  \n2024 – Business Expenses  \nWhat’s deductible? Where is it reported on Schedule C?  \nDeductible Expenses  \n• Expenses are deductible if they are “ordinary and necessary” for your business  \n• In general, the concept is – these are costs related to child care as a business (cleaning, maintenance, repairs, materials, insurance, staffing, accounting software, etc.)  \n• For family child care homes, there are some expenses that are shared costs (e.g., some expenses might be 100% deductible (all business related), or some might be shared because they are partially business and partially personal costs)  \n• For example, you purchase a washer & dryer. You use the washer & dryer regularly for the child care kids. But, you also use it for your family. Therefore, it’s a shared expense. Shared expenses are calculated on Form 8829.  \n2024 – Expenses /A Closer Look at Sch","cbCaigan3y2v7NUx","https://ap.wps.com/l/cbCaigan3y2v7NUx","pdf",4812967,20,"English","# Getting Ready for 2024 Tax Returns\n## 2024 context and webinar focus\n## Income basics and 1099-NEC\n## Schedule C: reporting 1099 information\n## Business expenses and deductions\n## Shared expenses and Form 8829\n## Resources and Q&A","[{\"question\":\"What counts as income for a family child care provider filing 2024 taxes?\",\"answer\":\"Income can include parent payments, state grants (such as subsidy/other state programs), and amounts from food programs like CACFP. Even if a provider does not receive a 1099, these funds still must generally be claimed as revenue.\"},{\"question\":\"How does IRS Form 1099-NEC relate to Schedule C for 2024?\",\"answer\":\"The amount reported on the 1099-NEC is entered on Schedule C, where it may feed into line items such as gross receipts. The webinar emphasizes double-checking that the 1099 amount matches the funds received in 2024.\"},{\"question\":\"Which expenses can be deducted on Schedule C, and how are shared expenses handled?\",\"answer\":\"Expenses are deductible if they are “ordinary and necessary” and related to running the child care business. For shared costs that are partly business and partly personal, the webinar notes shared expense calculations on Form 8829.\"}]","Getting Ready for 2024 Tax Returns - Family Child Care Provider Tips - Spring 2025 | PDF",1789179342,7]