factors to consider if purely from tax perspective:6 m' l" r. \3 h! D
. I( s- ?% [3 `- ?total additional income : e! b& O. g1 N1 T6 I& B8 K
total taxes paid (assume it's not a cash job) , M" P8 }8 e: E# u! i9 ktotal tax credit transferrable to working spouse 7 G4 s% W" Z/ i+ @total tax credit for child day care # a- R. ~% M3 C4 A6 Y8 Atotal day care cost3 F) \0 z' k+ z
( c" J* m/ E/ X, o1 o5 D
so the formula is:: ^+ h% _) Z! ?) q5 p1 B0 B8 t
2 E) U5 i$ u: A( _9 V# {2 F
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.