Quick tax question
If I paid $4000 in September for an afterschool program for my kids, but it covers them through the winter/spring school year part of 2018, do I deduct all $4000 from my 2017 taxes (since it was paid in full in 2017) or do I only deduct the portion that covers the actual care they had for Sept, Oct, Nov, Dec 2017, and save the rest to declare on my 2018 taxes?
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Empire Tri Coach
Team Gatorade Endurance
USATF Coach | NYRR Distance Pacer
Dad of twins
If I paid $4000 in September for an afterschool program for my kids, but it covers them through the winter/spring school year part of 2018, do I deduct all $4000 from my 2017 taxes (since it was paid in full in 2017) or do I only deduct the portion that covers the actual care they had for Sept, Oct, Nov, Dec 2017, and save the rest to declare on my 2018 taxes?
~~~~~~~~~
Empire Tri Coach
Team Gatorade Endurance
USATF Coach | NYRR Distance Pacer
Dad of twins