factors to consider if purely from tax perspective:0 l$ g. e; D! n7 O8 W; `
% s& h% w/ U' o8 S) a3 ktotal additional income 4 u! X1 z0 t8 R" l
total taxes paid (assume it's not a cash job) # ^+ F# A, l5 R/ U- @* o' x4 j: `& jtotal tax credit transferrable to working spouse ' v& Q$ H3 W9 M2 Y1 K2 v5 R9 g4 Itotal tax credit for child day care7 y. Q5 j$ u: H& Q+ J0 y
total day care cost8 U& p0 j0 j6 _* `
7 c( o2 o9 B" Q
so the formula is: 4 e5 r2 y$ u8 M+ h % J i( w! U# b, U# a0 k3 }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.