Long story short, what's your opinion about our current childcare expense level? Should out-of-pocket childcare expenses be deductible against income tax?
Our combined income is roughly $100k per year and we've been paying a childcare fee of more than $220 per week for one child, that's nearly $11,500 per year and this doesn't look like to change when the new Childcare Subsidy kicks in from July. I thinks it's too much out of our net pay and wonder why the Gov don't allow it as deduction against income tax? We send kids to childcare in order to go to work and earn income to pay tax, so shouldn't it be considered as part of the income earning activity under tax deduction definition?
Your thoughts please.
They still won't do it though