You could but there wouldn't be any tax benefits.

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Apr 16, 2014
9:04:37pm

KingDave

You could but there wouldn't be any tax benefits.

In fact wouldn't you then be paying taxes on her income? Seems like it would make things worse, not better.

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KingDave

Previous username: (Private)
Bio page: KingDave
Joined: Oct 12, 2009
Last login: Apr 22, 2024
Total posts: 69,301 (20,587 FO)

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Messages

Author

Time

Question for you experts

maxpowers

4/16/14 9:00pm

You could but there wouldn't be any tax benefits.

KingDave

4/16/14 9:04pm

That was my initial thought as well. Was hoping for some loophole

maxpowers

4/16/14 9:10pm

Well, I'm not a CPA. Maybe there is a way. Who knows.

KingDave

4/16/14 9:21pm

Google "Nanny Tax"

wapiti

4/16/14 9:40pm

There are tax credits however for those who pay for childcare. Interesting idea.

cucciolo25

4/17/14 4:13am

Scary thought based on your hypothetical:

GilaHank

4/16/14 9:30pm

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