The financial upside of having a child
Posted
Oct 18 2007, 06:23 PM
by
Karen Datko
Trent at The Simple Dollar urges calm for expectant mothers worried about how to afford a new mouth to feed, clothe and educate. His post is a primer on the tax benefits of raising a child: a $3,200 tax deduction, a $1,000 tax credit, and a child-care tax credit of up to $3,000. It's also a testament to the human ability to adapt and survive (people can "squeeze water from a rock" if they have to, he notes), and a nod to common sense. After all, you'll be spending a lot less time out on the town or leisurely strolling down enticing department store aisles.
