factors to consider if purely from tax perspective:* ~& _* ]! z4 @
6 l3 Z" `7 ] }' q! atotal additional income # ^) p4 K5 @) Q! o$ Etotal taxes paid (assume it's not a cash job) 5 x& x1 \3 N$ d Mtotal tax credit transferrable to working spouse: v+ C3 o' g, o; J
total tax credit for child day care ; W) W9 W5 c" W: ~total day care cost# E! C+ P* m l7 F c
2 H, d9 x3 l1 ?1 F2 dso the formula is: + y, J" I& V2 z0 E, U " V! [; X' `$ _1 Itotal additional income - total tax paid - total transferrable tax credit to working spouse (this can be claimed if one of the spouses has 0 or very little annual income) - total child day care tax credit =/</> total cost of day care.