Started By
Message

A question for the tax experts of the OT

Posted on 1/14/14 at 8:18 am
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29561 posts
Posted on 1/14/14 at 8:18 am
Our four-year-old has had some behavioral problems at his daycare, so for the last six months we have paid a behavioral specialist $360 each week to spend a significant amount of time with him while at school. What is the best way to incorporate that into our taxes for 2013?

TIA

Posted by Whiskey Richard
Member since May 2011
5924 posts
Posted on 1/14/14 at 8:19 am to
probably add it into "education"
Posted by Flair Chops
to the west, my soul is bound
Member since Nov 2010
35572 posts
Posted on 1/14/14 at 8:19 am to
quote:

$360 each week
good god, is your wife named rosemary?
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67490 posts
Posted on 1/14/14 at 8:20 am to
Business expense; raising kids is our business!!!
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18913 posts
Posted on 1/14/14 at 8:25 am to
Depends on the qualifications of the Behavioral Specialist. This could potentially be "Medical Expenses" but then you have to reach a threshold amount based on total income before it becomes deductible. You will need to check with a CPA on this one likely.

Fair warning, with the whole Obamacare mess you can expect our friends at the IRS to be looking real hard at medical deductions.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13870 posts
Posted on 1/14/14 at 8:26 am to
Instead of spending upwards of $10 grand, how about you beat your child's arse.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/14/14 at 8:36 am to
You will likely max out the benefit of child care expenses independent of the behavioral specialist, so there will likely be no tax benefit to reporting the expense as child care. You could claim it as a medical expense, but you can only deduct medical expenses to the extent they exceed 10% of your adjusted gross income. At $360 per week you've got about $8,000 over six months. Adding that to your other out of pocket medical expenses, you may be able to deduct some of the costs.
Posted by Duckie
Tippy Toe, Louisiana
Member since Apr 2010
24314 posts
Posted on 1/14/14 at 8:39 am to
probabyl best as a medical expense under itemized deductions.
Posted by weisertiger
Lake Charles, LA
Member since Sep 2007
2480 posts
Posted on 1/14/14 at 8:39 am to
Deduct under educational expenses. If the IRS has an issue with it you can always filed an amended return later
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71428 posts
Posted on 1/14/14 at 9:12 am to
quote:

Deduct under educational expenses. If the IRS has an issue with it you can always filed an amended return later





A year or two down the road with some added penalties and interest for using their money interest free!
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71428 posts
Posted on 1/14/14 at 9:13 am to


I make sure to click every single tax thread so I can read your responses. They've taught me a lot about how being a CPA works.

I'm about to take my first exam, FAR, next month!
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 1/14/14 at 9:31 am to
if you can't even post things on the right board, how do you expect to be able to file your taxes properly???
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4258 posts
Posted on 1/14/14 at 9:36 am to
Turbotax.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29561 posts
Posted on 1/14/14 at 10:04 am to
quote:

good god, is your wife named rosemary?


No, but go on....I think I know why you are asking.

Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 1/14/14 at 10:31 am to
Expect a lot more parenting advice than tax advice here.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92876 posts
Posted on 1/14/14 at 10:33 am to
quote:

Instead of spending upwards of $10 grand, how about you beat your child's arse.



Posted by LSU 08
Baton Rouge
Member since Jan 2008
736 posts
Posted on 1/14/14 at 10:52 am to
Good luck!
Posted by dyslexic
Left field
Member since Nov 2010
6491 posts
Posted on 1/14/14 at 10:55 am to
Murray could probably help you but he will not post in this thread because he is not yet a "tax expert".
Posted by tigerstripedjacket
This side of the wall
Member since Sep 2011
3001 posts
Posted on 1/14/14 at 11:57 am to
List it as "Murder Prevention Costs"
Posted by Murray
Member since Aug 2008
14421 posts
Posted on 1/14/14 at 12:12 pm to
quote:

Our four-year-old has had some behavioral problems at his daycare, so for the last six months we have paid a behavioral specialist $360 each week to spend a significant amount of time with him while at school. What is the best way to incorporate that into our taxes for 2013?


What service is the specialist providing you? High-end babysitter? Observing your child for a possible diagnosis or further treatment recommendations?

Were you referred to the specialist by your childs Dr?
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram