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Reply to "How much do you spend on childcare monthly?"
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[quote=Anonymous][quote=Anonymous]Christ - well I guess I won't be having kids anytime soon. So is there a credit or deduction for childcare expenses? If so, is it actually helpful or is the amount negligible (or phase out with income or whatever)? [/quote] Yeah, once we had our 2nd kid, we both had to stop contributing to our 401Ks and really tighten our budget in order to pay the child care costs, and we are still barely scraping by. Having a 3rd would probably bankrupt us so I guess we have to be satisfied with being "2 and through".[/quote]
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