Month: August 2022

Can Business Meals Be Used as a Tax Deduction?

Business Meals Tax Deduction

Amherst, NH Business Owner Has Questions

In 2018 the Tax Cuts and Jobs Act eliminated the ability for businesses to deduct entertainment and recreation expenses.  However, the Business Meal Tax Deduction was not eliminated with this change.  To qualify for this deduction the meal expense may not be lavish or extravagant, as subjectively determined.  The taxpayer or an employee of the taxpayer must be present at the meal and the food and drink must be provided to a business associate.

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Summer Camp and Daycare Tax-Deductible

Milford, NH Resident Seeks Answers

Summer camp and daycare is tax deductible for children under age 13 or if the child is a disabled dependent.  The tax credit may cover up to $3,000 in qualifying expenses for one child or up to $6,000 for two or more children.  This includes money paid to a daycare center, babysitter, summer camp, or other provider offering childcare.  Covered under the Child and Dependent Care Credit, this was created for working parents to offset the price for childcare.  However, parents who are full-time students and those that are unemployed and actively looking for work may also qualify for this deduction

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

Regular Hours

Sunday: Closed
Monday: 9AM-4PM
Tuesday: 9AM-4PM
Wednesday: 9AM-4PM
Thursday: 9AM-4PM
Friday: Closed
Saturday: Closed

Tax Season Hours (Feb 1 - Apr 15)

Sunday: Closed
Monday: 9AM-5PM
Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
Saturday: 9AM-2PM