🚨 AFH Owners: Avoid These 3 Costly Tax Mistakes! 🚨

Running an Adult Family Home (AFH) comes with unique tax challenges, and mistakes can cost you thousands in overpaid taxes or IRS penalties! ❌

📌 Here are 3 Common AFH Tax Mistakes to Avoid:

1️⃣ Missed Deductions = Missed Savings 💰

• Many AFH owners fail to deduct eligible expenses like utilities, food for residents, home repairs, and medical supplies.

• Proper documentation ensures you claim every tax-saving opportunity!

2️⃣ Underreporting Caregiver Wages = IRS Trouble ⚠️

• If you’re paying caregivers under the table or misclassifying them as contractors, you could face IRS audits, penalties, and back taxes.

• Always report wages properly and file W-2s or 1099s correctly!

3️⃣ Not Tracking Mileage = Lost Tax Write-Offs 🚗

• Business-related driving for medical appointments, supply runs, and resident care is 100% deductible, but only if you track it!

• Use an app or logbook to capture mileage and maximize deductions.

📌 Tax mistakes can cost you big—don't wait until it's too late! Need help filing your AFH taxes correctly? Let’s chat! 📩

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