ST Alpha - "Lyc, annoyance for the day: day camps may be considered deductible dependent care expenses. Overnight camps are not. -- (edited)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 151

Lyc, annoyance for the day: day camps may be considered deductible dependent care expenses. Overnight camps are not. -- (edited)

Posted by znufrii Nov 13 '24, 08:12

Shouldn’t I be able to prorate the cost of overnight camp to cover care provided during the day?

(Annual benefits enrollment time and I need to figure how much should go into the Dependent Care FSA. Since A might not go to after school care next school year, she’s moving to a new school and will start taking the bus, we might not actually hit the max this year and don’t want to over-contribute)

Responses:

Don't worry, we're going to do away with all deductions and implement a flat tax. -- nm - ty97 Nov 13, 08:13 11
- I can't see that. That would mean that the stratospheric incomes would actually pay some degree of meaningful taxes. -- nm - JD Nov 13, 08:15 9
  - They’ll exempt capital gains, etc., and only tax “earned” income, if I had to guess. -- (edited) - znufrii Nov 13, 08:17 8
    - Well, shoot. Can I get a list of rich but not famous women? - JD Nov 13, 08:22 2
      - No. No you cannot. -- nm - znufrii Nov 13, 08:24 1
        
        That. Sounds. Like. A. Challenge. - JD Nov 13, 08:32
    - oh my -- nm - Pippy aka Desparada Nov 13, 08:20 4
      - Or at the very least would continue to be taxed at reduced rates compared to wages. No way they tax it at ordinary rates, flat or no. -- nm - znufrii Nov 13, 08:21 3
        
        So it is like flat but with exceptions for augmentation if one can afford it? -- nm* - JD Nov 13, 08:23 2
        
        Flat for thee, but not for me. -- nm - znufrii Nov 13, 08:32 1
        
        Great. So when this happens, I'm going to have it stuck in my mind as the Bimbofication flat tax -- nm - JD Nov 13, 08:33
- Ugh. -- nm - znufrii Nov 13, 08:14

Post a message top

Lyc, annoyance for the day: day camps may be considered deductible dependent care expenses. Overnight camps are not. -- (edited)

Replies are disabled on threads older than 7 days.