Question

How much can I make as a daycare provider before I am responsible for reporting child care income?

Answer

If you provide daycare services with the intention of making a profit, you’re considered self-employed and responsible for reporting child care income. So, report self-employment income and expenses on Schedule C. If your net income minus expenses is $400 or more, you’ll also need to:

  • File Schedule SE
  • Pay self-employment taxes

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