Stan Gable
Well-known member
Any advise for having a newborn? How easy is it to reimburse yourself for services that are our of pocket (baby sitters/nannies etc). My understanding is that whomever you pay will need to declare the income. Obviously, a large part of these services are under the table. I am allowed $5,000 pre tax contribution but lose it if not used. Will I regret maxing this out if I can't pay for ad hoc child care that may be off the books?
Thanks
Thanks