2018 Minimum Wage Increases
This guide shows states and cities with 2018 minimum wage increases.
This guide shows states and cities with 2018 minimum wage increases.
If a household worker, such as a nanny or housekeeper, earns $2,100 or more in cash wages in 2018, Social Security and Medicare taxes, commonly referred to as “nanny taxes,” must be paid by the family and the employee.
This comprehensive guide provides critical guidance to the millions of families that care for a senior parent, relative or friend. However, many of these families also care for their own children while juggling careers and other responsibilities.
Mistakes or misinterpretations of nanny tax compliance laws can mean IRS audits, thousands of dollars in fines and penalties or an employee lawsuit. Our handy infographic highlights what you need to do to maintain nanny tax compliance.
By 2020, 54 million people in the U.S. will be over the age of 65; by 2040, that number will top 82 million. We can see the growing demand for senior care is critical in our lives and so it will continue.