Holding deposits

[playfelt]

I have always been told it is to be claimed in the year that it is received. It is your income and in your possession and as a cheque it is dated immediately and cashed so you have the income and should be claiming it that year regardless of when care starts.

[Lee-Bee]

I have always been told it is to be claimed in the year that it is received. It is your income and in your possession and as a cheque it is dated immediately and cashed so you have the income and should be claiming it that year regardless of when care starts.

While you received the money, technically since it is a deposit for the last weeks of care it is supposed to be set aside until those last weeks of care...so despite being in your possession it is not yet your income.