Household Employment Blog
Understanding What it Means to be a Household Employer
Everything Families Need to Know about the Child and Dependent Care Tax Credit
Families can take advantage of the Child and Dependent Care Tax Credit to save on childcare expenses. Wages paid to a nanny qualify for the credit. Here is everything a family with a nanny or other childcare needs to know about claiming this tax credit on their personal tax return.
Even Unintentional Nanny Tax Missteps Can Lead to Violations
Families who want to do nanny taxes the right way but make a mistake can still find themselves in trouble. Here are four easy – but costly – nanny tax missteps with tax, wage, and labor laws even when you’re trying to the right thing.
W-2 or Independent Contractor?
Understand the difference between classifying household workers (such as nannies and caregivers) as 1099 contractors vs. W-2 employees. Misclassification has serious legal and financial consequences.
Schedule H: What You Need to Know
If you employed a household employee and paid them $2,700 or more in 2024, you are required to complete and submit a Schedule H along with your Form 1040.
How to Claim Nanny Tax Benefits and Reduce Your Costs
Are you a working parent with a nanny? You may be eligible for significant tax breaks. We will break down the two main options.
Why Paying Nanny Taxes Matters
As a responsible employer, paying your nanny’s taxes is essential. It offers significant benefits for both you and your nanny, all of which outweigh the cost of paying illegally.
Why It Might Be Time to Hire a Senior Caregiver
Is it time to hire a senior caregiver? Discover the benefits of in-home care, from relieving family stress and ensuring safety to promoting independence and quality of life. Learn how hiring a caregiver can help your loved one age gracefully and happily at home.
What to Give Your Nanny as a Holiday Bonus
‘Tis the season of giving. Time to consider a holiday bonus for your nanny. How much should you give? Do you even have to give one? What about other types of gifts? You may have questions about your nanny’s holiday bonus. Here are some answers.
How Long Should You Retain Tax and Payroll Records?
As a family that has hired a nanny, in-home senior caregiver, or other household employees, you are now considered an employer and should follow guidelines for retaining employment, tax, and payroll records.
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