How do you save money as a DCP?

[Crayola kiddies]

What about all the tax write offs ...that's the biggest for me

[Lee-Bee]

What about all the tax write offs ...that's the biggest for me

I don't you profit from a tax write off though. I think it is similar to the 'saving childcare fees' If you can't fill a space with a paying child because your child is there you are not saving childcare fees. I would think most, if not all, tax write offs are only there on items you pay more for by working at home so saving on them is not putting you ahead. You can claim food costs...but you wouldn't be feeding those kids if you worked outside the home.

[Crayola kiddies]

I don't you profit from a tax write off though. I think it is similar to the 'saving childcare fees' If you can't fill a space with a paying child because your child is there you are not saving childcare fees. I would think most, if not all, tax write offs are only there on items you pay more for by working at home so saving on them is not putting you ahead. You can claim food costs...but you wouldn't be feeding those kids if you worked outside the home.

Well fortunately for me My own kids don't count in my numbers and I can write off a portion of my property taxes, mortgage interest , utilities, maintenance fees around this house , cell phone bills , and about 6k in food and I don't even have to leave my home .... I don't have to pay gas or extra wear and tear on my car , work place clothes, the odd lunch out .... Daycare fees/ camp fees for the summer/ Christmas/ March break because while my three kids don't count in my numbers they are not old enough to stay at home alone .... The list goes on .... I feel the pros of working from home far outweigh the cons plus my boss rocks!

[Suzie_Homemaker]

Well fortunately for me My own kids don't count in my numbers and I can write off a portion of my property taxes, mortgage interest , utilities, maintenance fees around this house , cell phone bills , and about 6k in food and I don't even have to leave my home .... I don't have to pay gas or extra wear and tear on my car , work place clothes, the odd lunch out .... Daycare fees/ camp fees for the summer/ Christmas/ March break because while my three kids don't count in my numbers they are not old enough to stay at home alone .... The list goes on .... I feel the pros of working from home far outweigh the cons plus my boss rocks!

Yes but you not actually get that money you write off. You paid it out but you not getting it back. All you getting from the "write off" is the amount you would have be taxed.

i.e. Earn $10k. Property tax = $2k. Write off $500. Not get $500 back, just get $500 taken off profit and not included in personal taxes so actual write off is only the tax you would have paid on the $500 not the actual $500.