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I’m a small business owner in Missouri and have a friend who happens to be a single parent. She’s finding it difficult to pay for her child’s preschool and I’d like to help her out. I intend to help her regardless, but I was curious whether I can somehow claim it as a deduction. If not directly this way, are there any creative ways for her to get assistance with preschool for her child?

Thanks!

This conversation was published at Accounting Services of Charlotte, NC