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Nanny Tax Threshold Increases for 2021
The Social Security Administration released its 2021 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,300.
Special $300 Tax Deduction to Help Charity Giving this Year
You may be able to take advantage of a special new provision in the CARES Act that allows you to deduct up to $300 in donations to qualifying charities this year. It applies even if you take the standard deduction instead of itemizing your deductions.
What to Do if Your Nanny Calls in Sick
While many nannies may seem superhuman, they are in fact mere mortals and will get sick from time to time and miss work like the rest of us. So it is best to be prepared for that day (or days) when you may be without your regular caregiver.
12 Ways to Make the Holidays More Meaningful as a Family
The holidays can be stressful for families and the meaning of the season can easily be lost. How can you make the holidays less materialistic more meaningful for your family? Shift your focus away from gift-getting with these 12 ideas to emphasize gift-giving, shared family experiences, and time with loved ones.
Celebrating the Holidays During the COVID-19 Pandemic
Many traditional holiday activities can put you at a higher risk for exposure to COVID-19. Following these considerations can help protect you, your family, and loved ones from COVID-19.
Colorado Paid Family and Medical Leave Program Covers Household Employees
Colorado becomes the latest state to require paid family and medical leave for household employees. Here’s what families with household help need to know from key implementation dates, contribution rates, permitted uses for leave, and more.
Draft of 2020 Schedule H Reconciles FFCRA Paid Leave and Tax Credits
The IRS recently released a draft of the 2020 Schedule H, which a family files with their personal tax return to report household employment taxes. The draft reconciles tax credits taken for qualified paid leave related to the pandemic. Here’s what household employers need to know.
IRS Releases 2021 Contribution Limits
The IRS has released its cost-of-living adjustments, which impact several contribution limits for the 2021 tax year. Here are some of the key contribution limits relevant to household employers.
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