GTM’s Household Employment Blog
Everyone celebrates holidays differently so what should you do if your family and nanny share separate faiths? Even though it can seem like a sensitive topic, start with an open and honest conversation. Here are 8 tips to manage the holiday season when you and your nanny celebrate differently.
One of the most common questions (and misunderstandings) surrounding household employment is whether a family can provide their nanny a 1099 at tax time and consider them an independent contractor rather than a household employee. The short answer is “no.” Here’s why and answers to other questions you may have.
A smart and simple way to save money on childcare – like wages paid to a nanny – is through a Dependent Care FSA offered through your employer. With many companies now holding open enrollment periods, now is the time to understand how they work and reduce your taxes.
Vaccinating your children for COVID-19 protects other family members, helps them avoid serious illness even if they do get COVID-19, and keeps them in school and participating in their activities.
Paying a nanny “on the books,” as opposed to “under the table” simply means you are doing things the right way and treating your nanny as a professional caregiver. You are paying them according to applicable tax, wage, and labor laws and withholding and remitting taxes appropriately. Here’s how.
For both nannies seeking work and parents who wish to hire in-home caregivers, vaccination for COVID-19 can provide a big advantage, especially in a tight household employment job market.
The 2022 nanny tax threshold will be $2,400, a $100 increase over this year’s mark. If a household worker like a nanny, housekeeper, private teacher, or senior caregiver, earns $2,400 or more in cash wages next year, Social Security and Medicare taxes, must be paid by the family and the employee.
The White House vaccination plan aims to ensure that a vaccine, if authorized for children, is quickly distributed and made conveniently and equitably available to families across the country.