You'll need to sign in or create an account to connect with an expert.
A. because Congress made it that way. The credit offsets some of the cost so that both spouses can work, since there are so many two-earner families. A stay at home parent doesn't have costs to offset.
B. because there is never a tax break from income you never got and tax you don't pay. You don't get anything for the value of your own labor unless someone pays you for it and then you pay tax on that income. If you work for free (for anyone, not just your own family) there aren't any tax benefits for that.
A. because Congress made it that way. The credit offsets some of the cost so that both spouses can work, since there are so many two-earner families. A stay at home parent doesn't have costs to offset.
B. because there is never a tax break from income you never got and tax you don't pay. You don't get anything for the value of your own labor unless someone pays you for it and then you pay tax on that income. If you work for free (for anyone, not just your own family) there aren't any tax benefits for that.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17570167794
New Member
user17569186982
New Member
user17569136886
New Member
dtlbd
New Member
kemashacoka
New Member