factors to consider if purely from tax perspective: 1 c# v0 V+ Z0 t \" G( i, D* A1 u! A! ?' \4 l' I. R8 Q. }
total additional income & O) R7 b$ l& I# q) v/ t! n$ t
total taxes paid (assume it's not a cash job) * D( F' t0 \5 v# ] d: Dtotal tax credit transferrable to working spouse' J- I* z1 ]. q' ?- Y3 w8 ?
total tax credit for child day care ! u4 p* j# d- t( wtotal day care cost * o: `5 |$ y. U* `; A 6 Q) N" f. q% d+ w, _. d, M6 Uso the formula is: 5 b, A6 z* |1 M$ Y* Y3 g g- @4 M6 t2 x6 b! q
total additional income - total tax paid - total transferrable tax credit to working spouse (this can be claimed if one of the spouses has 0 or very little annual income) - total child day care tax credit =/</> total cost of day care.