compensation for SAHP's, according to

iVillage Member
Registered: 05-01-2003
compensation for SAHP's, according to
982
Mon, 07-03-2006 - 10:00pm

the census bureau, and salary.com.

i found this in the local paper today, and granted, its in the dear abbey section, i found the information she gave was very interesting and pertained to a lot of questions in another thread.

http://www.theday.com/re.aspx?re=79d4660d-963e-4ccf-adbd-9435d20c1a8b

"According to the Census Bureau figures for 2004 — which are the most recent — there are 36.7 million mothers of minor children in the United States. About one-third of them, 10.8 million, are stay-at-home moms.

According to an article penned by Al Neuharth, the founder of USA Today, in its May 11, 2006, edition, “Salary.com compensation experts estimate that stay-at-home moms work an average of 91.6 hours a week.” That's more than double the number of hours the average office worker puts in. He went on to say, “That should be worth $134,121 annually.”

He quoted the compensation analysts as figuring the lowest-paying parts of a mother's job are “housekeeper, laundry machine operator and janitor. Higher-paying categories include computer operator, facilities manager, psychologist and CEO.” With a 91.6-hour work week, 52 weeks a year, it works out to be $28.16 an hour."

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iVillage Member
Registered: 05-26-2006
Mon, 07-10-2006 - 2:36pm
oh ok, thank you so much for clearing that up! :)
iVillage Member
Registered: 11-12-2003
Mon, 07-10-2006 - 2:38pm
You technically could, but you would risk being caught in an audit. The child care tax credit says it is to be used only if child care is used in order to work or look for work.
iVillage Member
Registered: 11-12-2003
Mon, 07-10-2006 - 2:43pm

The working spouse in a couple with a SAHP cannot file for Head of Household.

"Generally, to qualify for head of household status, you must be unmarried and not entitled to file as a qualifying widow or widower with a dependent child. You must also have provided more than half the cost of maintaining as your home a household that was the main home for a qualifying person. You may also qualify for head of household status if you, though married, file a separate return, your spouse was not a member of your household during the last six months of the tax year, and you provided more than half the cost of maintaining as your home a household that was the main home for more than one half of your tax year of a child who is qualifying."

iVillage Member
Registered: 11-12-2003
Mon, 07-10-2006 - 2:49pm
That may be so, I just copied and pasted from the IRS website and it didn't mention going to school. That's not to say you're wrong though.
iVillage Member
Registered: 07-23-2003
Mon, 07-10-2006 - 2:52pm

I see I stand corrected I thought it was just based on working status.

iVillage Member
Registered: 07-23-2003
Mon, 07-10-2006 - 2:54pm

The stuff I pasted was based on turbo tax on my computer so turbo tax may be incorrect.

iVillage Member
Registered: 03-27-2003
Mon, 07-10-2006 - 2:55pm

Dh's vehicle is an asset of our small business; leasing is a better use of our business money than purchasing. He requires a truck (we also have quads and an utility trailer that we rent out) - our current one cost over $40000, but vehicles are also more expensive here than in the US.

Carrie

iVillage Member
Registered: 11-11-2005
Mon, 07-10-2006 - 3:01pm

Forgive me if this has been covered, but it have a question.

If the preschool is not private, then it is public. And if it is public, what kind of expense do you have that you want to deduct from taxes?

Where I live, we don't have publically-funded preschool, except for Head Start. It is private or nothing, if your children don't qualify for Head Start. But if your area has public preschool, then it would be free (free being the definition of public school in this context).

So what are the costs you want to deduct?

iVillage Member
Registered: 03-27-2003
Mon, 07-10-2006 - 3:38pm
The reason that most parents work the same shift is that most jobs have only one shift.
iVillage Member
Registered: 03-27-2003
Mon, 07-10-2006 - 3:45pm
Not exactly. Where I live (Massachusetts), the public school system runs an integrated preschool. It is half special needs kids and half typically developing kids. It is housed within one of the public elementary schools. The special needs kids go free (tuition subsidized by government), but the typically developing kids pay tuition because there is no public preschool for all. So anybody who lives in an area wuth that sort of setup would (if their child is typically developing) pay for public preschool.

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