factors to consider if purely from tax perspective: 8 |3 ]: p* c; X$ N2 Y |- U" A% d $ x/ K' D/ D5 X( H! L! Ptotal additional income / ~1 k! R( S7 H- ?total taxes paid (assume it's not a cash job) 4 ?6 w6 J" T& Y: v5 wtotal tax credit transferrable to working spouse9 J- K* t3 L5 n# T T5 i- i
total tax credit for child day care ! {+ [& [! x0 J, ], v0 Z) N4 Stotal day care cost 8 w& t: V' Z) n5 H {+ t. Q. L 4 g4 v* _* Q- o+ Pso the formula is:+ B5 j6 x3 n: M7 t1 \
+ X2 d4 M9 X8 C4 ]total 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.