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.
The Social Security Administration released its 2021 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,300.
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.
Received an unemployment notice that your employee has filed a claim? Not sure what to do? If you have paid your nanny legally, you have nothing to worry about. Here’s what to do with answers to some common questions.
Don’t create risks or hassles for yourself with a cheap nanny tax service. They’ll do the bare minimum: pay your employee and take out some withholdings. You need more than that to comply with tax, wage, and labor laws. You deserve the support and attention of household payroll professionals when handling your nanny taxes.
Learning pods and microschools are the latest trends in education during the pandemic. Get answers about these newest ways to care for and educate your children.
Under new guidance from the IRS, household employers are required to report the amount of qualified sick and family leave wages paid to their workers under the Families First Coronavirus Act on Form W-2.