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by PenguinCoder
2126 days ago
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Great reply, thanks for the detailed information. Quite obviously during this time, having a live in au pair would have been helpful. I would be interested in seeing the specific rules you made, from experience (email is slightly obfuscated in my profile). I wouldn't be able to afford the 21k/yr price tag, even if that is a really good price. |
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I use a DCFSA (https://www.fsafeds.com/explore/dcfsa) to pay for it. Au pair expenses are a valid expense for this. Our marginal income tax rate is around 35%, so this helps a lot.
This is all an estimate of course (like increased insurance or rent on a larger place can't be paid for using a DCFSA), but it makes the point. So I think of the cost as around $13,650 for 45 hours / week, 50 weeks / year, 2250 hours in total. No matter how many kids you have.If that big chunk is hard to swallow, the agency fees are ~$8000, and most agencies will let you break that up into a payment plan. The au pair is paid $200 each week, so that ~$10,000 is naturally spread out. The remainder is what we estimated our additional costs to be, like food, insurance, etc. and that gets spread out as well.