GTM’s Household Employment Blog

Why it’s a Bad Idea to Pay a Nanny Half on and Half off the Books

Why it’s a Bad Idea to Pay a Nanny Half on and Half off the Books

For a few reasons, like qualifying for a health insurance subsidy or taking home more money, a nanny may want to be paid half on and half off the books. This may seem like a reasonable compromise especially if you like the caregiver. Plus, you save on taxes too. Everyone is happy. Right? Here are four key reasons why this is a bad idea even if well-intentioned.

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