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Are any of you House Husbands?

LifeisaGarden

By LifeisaGarden,
in Huddle Lounge

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MadHatter Rookie

MadHatter

Posted
Posted

This and this.

Our daycare is $230 per week = $12,000 per year. :(:(

We're starting the flex spending account in January. :yesnod:

Can't wait to file our taxes this year. Hospital bills, student loan repayment, daycare, all deductible. Give me some money, uncle sam.

Hospital bills are only deductible if they exceed 7% of your total salary...if not, you are screwed.

Hope they were not that high, as that would mean that you had a serious medical issue in your life.

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MadHatter Rookie

MadHatter

Posted
Posted

We both work full-time with two little ones (1 and 5). At least my five year old started Kindergarten this year! Last year I was shelling out close to $1800/month for childcare. Damn near killed me to do that. Much better now though at $140 per week.

Correct me if I'm wrong, but if you use a dependent daycare spending account for pre-tax dollars, then you can't claim daycare expenses on your taxes. I think that's how it works. I've never used it, perferred to get a fat refund on the taxes instead.

Any cuckold husbands in here?

You are correct on your assumption about daycare expenses and a pre-tax spending account. You have already gotten the tax benefit with the spending account.

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MadHatter Rookie

MadHatter

Posted
Posted

Pay attention to the accounts, FSA will not pay for day care. There's another account called a Dependant Care Account which is specifically for daycare, but only if it is to allow the parents to work or go to school.

Both Dependant Care Accounts and Heathcare Spending Accounts are considered FSA's....FSA merely stands for Flex Spending Account.

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Purity-Control Newbie

Purity-Control

Posted
Posted

I'm currently debating doing this. I got my first kid on the way next spring and I'm fed up dealing with workplace assholes.

Because of my hours, I pretty much run the household anyway, so If I can get over the stigma of being Mr. Mom, my wife's income is more then enough.

+ neither of us want some degenerate stranger taking care of our kid.

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