re: #432 reine.de.tout
Whoa, great link there reine! But I have a serious question. As per your link: “In 2003, they reported almost $24,000 in child care expenses and, in 2004, about $23,000. They also paid about $3,400 in household employment taxes each year.”
I honestly didn’t know you could deduct either “child care expenses” (whatever they are according to the IRS) nor “household employment taxes” - what on earth would that be? You hire a housecleaner or whatever, and deduct her/his expense? Or is it the taxes (mostly I’d guess social security/Medicare) you pay on her/his salary that you can deduct?