I have two children in daycare at an expense for 1,500 per month. My wife, a teacher, makes less than 40k per year. She nets around 500 per month after daycare expenses but does hold great benefits for the entire family. I make enough to put us in the top tax bracket but have no benefits.
All of this in mind, am I benefiting enough on the tax side to make it worth my wifes time to work? Or, should she stop and allow me to claim her as a dependent and then pay for insurance?
I appreciate any thoughts.
I don't know the answer to your questions without going into detail about your financial situation, but this should probably go into its own thread instead of one about an unrelated situation that was originally posted in 2008.
I have two children in daycare at an expense for 1,500 per month. My wife, a teacher, makes less than 40k per year. She nets around 500 per month after daycare expenses but does hold great benefits for the entire family. I make enough to put us in the top tax bracket but have no benefits.
All of this in mind, am I benefiting enough on the tax side to make it worth my wifes time to work? Or, should she stop and allow me to claim her as a dependent and then pay for insurance?
I appreciate any thoughts.
I think she should be allowed to get out of the house as much as possible, and use her insurance to seek answers to the following question: "Why did I settle for a pretentious threadjacker?"
I think she should be allowed to get out of the house as much as possible, and use her insurance to seek answers to the following question: "Why did I settle for a pretentious threadjacker?"
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