It’s always the right thing to do, but with expanded childcare tax credits and increased contribution limits on Dependent Care FSAs through the American Rescue Plan, paying your nanny legally may now be cheaper than “under the table.”
Blog Category:
Household Payroll & Taxes
How the American Rescue Plan Impacts Families, Nannies
The American Rescue Plan – a $1.9 trillion pandemic relief package that includes expanded tax credits, additional stimulus checks, extended unemployment benefits, and more – is now in effect. Here’s how this landmark legislation will impact families and nannies.
Everything You Need to Know about Household Employment in 2021
Nanny taxes, domestic worker protections, minimum wage and overtime rules, tax savings, and more. We spell out everything you need to know about employing a nanny or other household workers in 2021.
How to File Your Nanny Taxes in 2021
It’s that time of year again. Here’s what you need to know if employed someone to work in your home last year and how to file your nanny taxes in 2021.
Top 10 Most Popular Household Employment Blog Posts of 2020
Before we finally say goodbye to 2020, let’s take a look back. The pandemic impacted nearly every aspect of our lives including employing someone to work in your home. So it’s no surprise that most of our most popular household employment blog posts of the year were related to the health crisis.
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.
Draft of 2020 Schedule H Reconciles FFCRA Paid Leave and Tax Credits
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.
What Should You Do if You Get an Unemployment Notice?
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.
Why a Household Payroll Professional Should Handle Your Nanny Taxes
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.
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