Many family child care providers received money from the State of Colorado in 2020.
- It may have been called a grant, stipend, emergency relief funds, CARES funding, or some other name.
- It may have been a one-time payment or reoccurring payments.
- It may have been in the form of supplies or equipment.
What are the tax consequences of receiving money or supplies/equipment from your state?
Read Tom Copeland’s blog HERE.