For families hiring a household employee, figuring out tax obligations and pay rates can be the most complicated parts of the process. That’s where a nanny tax calculator can be a valuable resource.
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Understanding Household Employment
2019 Nanny Tax Threshold Remains Unchanged
The SSA released its 2019 nanny tax threshold. Next year’s coverage threshold for household employees remains at $2,100, which is unchanged from 2018.
Do I Need to Pay Taxes on an After-School Nanny?
If you’ve hired an after-school nanny, be aware that nanny tax requirements may apply even if the work is part time.
Everything You Need to Know about New York Domestic Employment
Here’s what families need to know about the laws surrounding New York domestic employment when hiring or employing a nanny or other household workers.
IRS Takes Aim at Nanny Tax Compliance
Billions of dollars in tax revenue is lost each year in unpaid “nanny taxes.” The IRS is taking notice of the nanny tax compliance issue and could be putting household employers on alert.
What Families Need to Know When Hiring a Domestic Employee in California
There are several nuances to California domestic employment tax, wage, and labor laws that can trip up many household employers. Here’s how to stay compliant with the law.
4 Big Reasons Why You Should File Schedule H and Not Form 941
To reduce accounting issues, the risk of penalties and dual reporting, household employers should avoid filing Form 941 and use Schedule H instead.
Here are the New Minimum Wage Rates Effective July 1
Effective July 1, 2018, the minimum wage will increase in a number of states and localities. Domestic workers like nannies must be paid at least the highest hourly minimum wage of federal, state, and local rates.
Paying Your Nanny a Salary or Guaranteed Hours?
The short answer is “no.” You can’t pay your nanny a pre-set, flat-salaried amount for all hours worked in a week. You could pay her for guaranteed hours, which is different from a nanny salary. Here’s why.
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