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Reply to "how much is child deduction worth?"
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[quote=Anonymous][quote=Anonymous]first baby is on the way. HHI is 260k (but both max out 401ks, so taxable is a bit lower). anyone have a decent guess at how much the childcare deduction will be worth, tax wise? [/quote] Not much. There is a cap. I pay $750 a month and get a deduction for only a portion of that. Get a pre-tax dependent care account set up. [/quote]
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