Two Drunk Accountants

Should Childcare Be Tax Deductible?


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While Dan is away on his Honeymoon, we have Chloe & Tim diving into the wonderful world of Child Care Subsidies (CCS) — because apparently raising children wasn't expensive enough already.

They unpack how CCS is actually calculated, why your income might not be what Centrelink thinks it is, and how things like salary packaging, fringe benefits, extra super, and investment property losses can affect your subsidy.

The pair also tackle the big question many parents ask themselves: "Is it even worth going back to work?" when childcare costs, tax, and daycare sickness seem determined to eat every extra dollar you earn.

Plus, they throw around a few ideas on how to fix the system, including whether childcare should simply be tax deductible.

This is one not to be missed!

 

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