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Reply to "how much is child deduction worth?"
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[quote=Anonymous]Do either of you have an FSA at your work? If so, you can take out $5,000 pre-tax, which means you're not paying taxes on $5K of income, which is pretty good. (now you'll probably pay $15-$20K for child care, but at least pre-tax $5K is good.) You'll also have the dependent exemption, so that's another $3600 or so. If you're really curious, print out a tax form and do your taxes using estimates for your numbers. It'll give you an idea about how your tax liability will change.[/quote]
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