Dec 23, 2021 | GTM Blog, Hiring an Employee, Household Payroll & Taxes
What can household employers expect in 2022? From a tight nanny job market to more paid sick and family leave laws, here are seven household employment trends to watch if you employ someone to work in your home.
Dec 16, 2021 | COVID-19, GTM Blog, Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws
From vaccines to federal and state laws to paying household employees the right way, here are our most popular blog posts of 2021.
Nov 19, 2021 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
A smart and simple way to save money on childcare – like wages paid to a nanny – is through a Dependent Care FSA offered through your employer. With many companies now holding open enrollment periods, now is the time to understand how they work and reduce your taxes.
Oct 21, 2021 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
The 2022 nanny tax threshold will be $2,400, a $100 increase over this year’s mark. If a household worker like a nanny, housekeeper, private teacher, or senior caregiver, earns $2,400 or more in cash wages next year, Social Security and Medicare taxes, must be paid by the family and the employee.
Oct 1, 2021 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
The American Rescue Plan Act substantially enhanced the Child and Dependent Care Tax Credit renewing interest in this savings 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.
Jun 24, 2021 | Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws
Summer is a popular time for minimum wage rate increases that apply to nannies and other household employees. It’s important to check the rate you’re paying a household worker to make sure it is not a wage violation. Rates are on the rise in several states and cities across the country.