Holding deposits

[Suzie_Homemaker]

You can give receipt for deposit, and they can claim expense in year they paid it, but we not have to declare income until earn it. So if you apply deposit to first week care, that is the year you add into income. If you apply deposit, last week of care, then add it into income for year they leave. This might me many years away.

Some give me deposit in Nov 2014 for Sept 2015 start. She is 10 month old and start this week. She will not go school until Sept 2019 so if still here when age out, 2019 is when I declare as income because apply to final week care.