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Nik09
LIF Adult
Member since 5/05 1982 total posts
Name:
Nikole
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Re: another daycare question...$$$
For 2 kids (one infant and one preschool) we pay $25k a year.
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Posted 1/30/13 12:06 PM  |
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violet25
LIF Infant
Member since 8/12 101 total posts
Name:
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Re: another daycare question...$$$
Actually, I think there is a $5k cap on the amount that is tax deductible so you can potentially save up to $2500 or so/year.
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| Posted 1/30/13 12:38 PM |
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LeShellem
A new beginning
Member since 2/07 3600 total posts
Name:
LeShelle
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Re: another daycare question...$$$
Seriously. No one seemed to mention that if your income is above a certain bracket what little you can get back starts to phase out. We get $0.00 from daycare.
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| Posted 1/30/13 12:58 PM |
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robynfs
12/6/10!!
Member since 9/05 4947 total posts
Name:
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Re: another daycare question...$$$
I pay around 25K for a nanny and 8k for preschool for a 2 year old. Add another 6k for preschool for #2 this fall. 
Message edited 1/30/2013 1:01:40 PM.
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| Posted 1/30/13 12:59 PM |
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Re: another daycare question...$$$
Around 13k full time. My mom watches her in the summer so that's the only time of year she doesn't go full time.
I don't even know how I'm going to afford 2. Daycare cost is crazy. Makes me sometimes want to be one and done.
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| Posted 1/30/13 1:16 PM |
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MrsPenthouse
LIF Adult
Member since 11/10 924 total posts
Name:
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Re: another daycare question...$$$
Not daycare but Nanny in Bayside. $26 grand a year. I look forward to when DS is in nursery school but then we are likely to keep our nanny for DC2 which should hopefully coincide.
If anyone knows of a money tree, please let me know!
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| Posted 1/30/13 1:18 PM |
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Re: another daycare question...$$$
Posted by 2boys1girl
Posted by Ann456
No one seemed to mention that all that you pay for daycare because you ladies work is TAX DEDUCTIBLE so you will get some of that money back. If you are a SAHM and want to send your child to pre school like I did because my son needed some extra help I was told it was not tax deductible.
I don't really think 500.00 from my 12,000.00 is anything to brag about. My daycare provider is in-home so we are not able to claim it on our taxes anyway.
exactly!! I'm actually lucky if see $500 back as a tax deduction. You really get crap back considering to what you pay out. Ann456 was that a serious response?!?! 
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| Posted 1/30/13 1:27 PM |
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Daisy32
Mommy
Member since 2/08 8081 total posts
Name:
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Re: another daycare question...$$$
part time $11k
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| Posted 1/30/13 2:07 PM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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Re: another daycare question...$$$
Posted by Ann456
No one seemed to mention that all that you pay for daycare because you ladies work is TAX DEDUCTIBLE so you will get some of that money back. If you are a SAHM and want to send your child to pre school like I did because my son needed some extra help I was told it was not tax deductible.
I have to say I really don't feel sorry for you...
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| Posted 1/30/13 3:49 PM |
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eroxgirl
My Loves
Member since 5/05 15697 total posts
Name:
Rebecca
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Re: another daycare question...$$$
This year is like a steal ~ $7k (for one kid, not including the cost of pre-k and after care for my DD).
Last year it was $27k (for 2 kids).
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| Posted 1/30/13 4:03 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: another daycare question...$$$
Posted by Ann456
No one seemed to mention that all that you pay for daycare because you ladies work is TAX DEDUCTIBLE so you will get some of that money back. If you are a SAHM and want to send your child to pre school like I did because my son needed some extra help I was told it was not tax deductible.
Really, again???
You really like to comment on these posts regarding the cost of daycare yet, you don't send your kids to daycare  And obviously - you are making comments about things you don't fully know the facts to support.
I get $5k taken out of my salary pre-tax to put towards daycare. Yes, you can only use this pre-tax benefit if the childcare is for working purposes - not if there is a parent who is not working or just to send your child to preschool (which although beneficial is also optional - like you view daycare as).
But, what I pay for daycare is significanly more than $5k and significantly more than what I would pay to send my kids to preschool so I don't get what you are trying to compare here.
Yes - I choose to send my kids to daycare, yes I can afford it - but, I have the right to state/complain that it's expensive!!!
Message edited 1/30/2013 4:32:36 PM.
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| Posted 1/30/13 4:30 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: another daycare question...$$$
Posted by violet25
Actually, I think there is a $5k cap on the amount that is tax deductible so you can potentially save up to $2500 or so/year.
I get $600 as a deduction. DD goes part time and ts owr $10k. u ust opened a flexible spending account for this year but it's not much better. I estimate maybe $1k more. But if I didn't work we would be in a lower tax bracket so in all that deduction really doesn't go far. Not far enough to complain about being a SAHM and no being able to use it.
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| Posted 1/30/13 5:11 PM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: another daycare question...$$$
Posted by CaseyGirl
Posted by Ann456
No one seemed to mention that all that you pay for daycare because you ladies work is TAX DEDUCTIBLE so you will get some of that money back. If you are a SAHM and want to send your child to pre school like I did because my son needed some extra help I was told it was not tax deductible.
I have to say I really don't feel sorry for you...
And trust me when I tell you.
You get PEANUTS back compared to what you pay.
This arguement makes very little sense
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| Posted 1/30/13 5:13 PM |
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MRsFaTThead
NY GIRL IN TEXAS
Member since 6/10 5483 total posts
Name:
WHO GIVES A POO WHO GIVES A FUDGE !!
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Re: another daycare question...$$$
$14k
I must be the only person who doesnt think thats DD is there for 10 hours a day. We also have the option of dropping her off before 8am and aleaving her there past 6pm at no additional charge.
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| Posted 1/30/13 5:45 PM |
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butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
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Re: another daycare question...$$$
like 23k for infant and preschool- both full time
so ny state has upto 5k tax free..... So I get like 1k in savings back to make it 22,000 out of pocket
Message edited 1/30/2013 7:36:18 PM.
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| Posted 1/30/13 7:32 PM |
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PregowithTwins
My boys turned 8
Member since 5/11 2451 total posts
Name:
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Re: another daycare question...$$$
Posted by Ann456
No one seemed to mention that all that you pay for daycare because you ladies work is TAX DEDUCTIBLE so you will get some of that money back. If you are a SAHM and want to send your child to pre school like I did because my son needed some extra help I was told it was not tax deductible.
Just noticed your name is Ann but under profile it says your name is Chris & significant other is Bill...
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| Posted 1/30/13 7:39 PM |
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Ann456
LIF Infant
Member since 8/11 309 total posts
Name:
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Re: another daycare question...$$$
Yes, so what is your point? Chris was taken as a User name so I went with Ann -- nickname ... is your name really PreggowithTwins ?
Gosh, just trying to say that getting back something is better than getting back nothing. If you don't think your refund is a big deal then send it to me ... the one not working. I'm not saying you ladies are paying chump change but you do want a quality person/people caring for your child. If you want good care, then you have to pay. It must be tough, especially for those are single parents or ladies who have to work because there spouse's job does not provide benefits. I did explore child care centers and got prices, spoke to people two years ago. I am home with my children and in the end is a great thing. As long as DH and I can get by in a way we feel we need to and provide for our children having me home the right thing. I will never get this time back with them and will always be able to make more money when they get older. I got my degrees, worked and now spending time with my young children.
Message edited 1/31/2013 8:17:07 PM.
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| Posted 1/31/13 4:56 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: another daycare question...$$$
Ann you are such a rude person. Please stop posting on threads that don't apply to you. This question is about daycare and as we all know you sacrifice so you don't have to send your child to daycare, remember that gem from the other post you had no business posting on?
beat it.
Message edited 1/31/2013 5:44:08 PM.
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| Posted 1/31/13 5:42 PM |
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BargainMama
LIF Adult
Member since 5/09 15657 total posts
Name:
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Re: another daycare question...$$$
Why are you people jumping down her throat? It appears she was trying to be HELPFUL. Many new parents aren't even aware childcare is tax deductible.
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| Posted 1/31/13 5:53 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: another daycare question...$$$
Posted by BargainMama
Why are you people jumping down her throat? It appears she was trying to be HELPFUL. Many new parents aren't even aware childcare is tax deductible.
It isn't entirely tax deductible - just a small portion which is nice but, its reallyq
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| Posted 1/31/13 6:12 PM |
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BargainMama
LIF Adult
Member since 5/09 15657 total posts
Name:
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Re: another daycare question...$$$
Posted by ali120206
Posted by BargainMama
Why are you people jumping down her throat? It appears she was trying to be HELPFUL. Many new parents aren't even aware childcare is tax deductible.
It isn't entirely tax deductible - just a small portion which is nice but, its reallyq
Yes, I know. But still, she was still trying to be helpful.
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| Posted 1/31/13 6:14 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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another daycare question...$$$
Sorry, I hit send accidentally. She has made comments on other daycare threads that make this one come across as rude. Yes, its a nice benefit but it doesn't substantially change the amount I pay each year.
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| Posted 1/31/13 6:14 PM |
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jennandrob
mom of two!
Member since 5/05 4368 total posts
Name:
Jenn
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Re: another daycare question...$$$
12k for two. one goes to a FT pre-school daycare---the baby gets in-home daycare a few days a week.
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| Posted 1/31/13 6:15 PM |
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BargainMama
LIF Adult
Member since 5/09 15657 total posts
Name:
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Re: another daycare question...$$$
Posted by ali120206
Sorry, I hit send accidentally. She has made comments on other daycare threads that make this one come across as rude. Yes, its a nice benefit but it doesn't substantially change the amount I pay each year.
Right, I saw. However, there is nothing at all snotty, snarky, rude, or anything of the sort in her response.
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| Posted 1/31/13 6:15 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: another daycare question...$$$
Posted by BargainMama
Posted by ali120206
Sorry, I hit send accidentally. She has made comments on other daycare threads that make this one come across as rude. Yes, its a nice benefit but it doesn't substantially change the amount I pay each year.
Right, I saw. However, there is nothing at all snotty, snarky, rude, or anything of the sort in her response.
Really? her putting TAX DEDUCTIBLE in caps (which on the internet is YELLING) isn't rude? Did you see her other post on this thread or her many posts are other threads where she rips into mothers looking for help and guidance and advises them on their finances and how to live their lives? If you had seen those posts I doubt you would defend her so much.
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| Posted 1/31/13 7:23 PM |
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