I noticed that write-off just this year (since my son is 11 months old). The immediate thought that came to mind was “why can you write off daycare costs, but a mother who stays at home has no write-off?”
My second thought was “how difficult is it to set up my wife as a daycare for my children to get this tax write-off?”
If you try that, be sure to let us all know what federal prison you end up in, mmkay?
:)
I can only imagine what a nightmare it would be. I know what a nightmare it was for a friend of mine in Delaware with an at home daycare, that included her own children. She did away with it because the little bit of money she was getting from friends for keeping their kids was not worth the hassles from the state.
She had only bothered with the state licensing at the suggestion of one of the "friends" whose kids she was watching, who suggested it would be a good way to be able to write off certain household expenses. It was actually the "friend" who wanted to write off daycare costs for her babysitter.