The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: childcare credit||Date: 11/7/2002 3:44 PM|
|Author: ranger54||Number: 61967 of 122503|
I have a number of questions/ comments about this issue:
1) Since you are a biologist (I am also and will finish my dissertation and defend in the next couple of months-yeah)I assume that Hardy Weinberg is not your name but refers to the equilibrium :-)
2) Do federal employees have to pay FICA at all? For some reason I thought that they didn't.
3) Is her income referred to as a 'stipend'. I think that stipends may carry slightly different rules for some issues.
4) Is your wife a) an independent postdoc researcher and received the grant herself or b) working for a P.I. who received the grant and pays her from it? Note: this question probably doesn't matter if the answer to #2 is 'No'.
Since she is a postdoc, I don't think that the money is considered education-related but it might be if it is a training grant.
These are some things that I thought, if clarified, might help some of the pros here give you a better answer.
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