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Subsidized Child Care Assistance Program Policy Manual Chapter 7. Family Definition and Determining Income Eligibility Revised 08/01/2024

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6. Maintenance and repairs associated with the business. 7. Cost of products, materials and supplies required to operate the business. 8. Business-related transportation costs as allowed by the IRS. 9. Utilities costs associated with the business. 10. Interest on business debts, including mortgages and loans; necessary for producing income. 11. Actual unreimbursed food costs to provide meals as part of the business, such as licensed child care providers or elder care. 12. Accounting, advertising, and legal costs associated with the business. 13. Telephone expenses, including local and long-distance service, fax, and internet, if the telephone line is used exclusively for business. 14. Depreciation (a reduction in the value of an asset with the passage of time, due in particular to wear and tear. Depreciation deductions: account for the gradual loss in value of assets over time, such as furniture and equipment used in child care, allowing providers to spread these costs over the assets’ useful life.) For more information on self-employment expenses, please refer to the links below: https://www.irs.gov/instructions/i1040sc 2023 Instructions for Schedule C https://www.irs.gov/forms-pubs/about-publication-334 Publication 334, Tax Guide for Small Business https://www.irs.gov/forms-pubs/about-publication-587 Publication 587, Business Use of Your Home (Including Use by Daycare Providers).\