Recent storms have been hammering various parts of the country, leaving thousands without power, even now as they continue to recover. These types of unforeseen disasters not only affect people’s personal lives, but they can also severely impact you as a household...
From IRS.gov Eight Tax Savers for Parents Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. Dependents. In most cases, you can claim your child as a...
Many families are still looking for ways to cut costs these days. For those that use nannies for their childcare, there is a trend that is becoming more and more popular: nanny sharing. Families can hire a nanny to watch their respective children simultaneously, or a...
Tax season is in full swing, and many household employers may have questions regarding W2 forms for nannies and other household employees. Please see the answers below to some of the most common questions. Q: Does my nanny receive a 1099 form? A: No. Household...
If you have at least one household employee that you will pay more than $1,900 during 2014 (changed from $1,800 in 2013), you may be required to pay federal and state employment taxes. There are a few changes and updates to tax laws that may affect you. Social...
California’s Domestic Worker Bill of Rights (AB241) took effect yesterday, making California the third state in the nation to enact such a law; New York passed theirs in 2010, and Hawaii’s passed in 2012. The law grants overtime protections to domestic workers...