Jan 3, 2022 | Domestic Workers' Rights, GTM Blog, Labor Laws
Under a new city ordinance, all household employers in Chicago must now provide their workers with a written contract that includes wage information and work schedule. The rule went into effect on January 1, 2022.
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.
Dec 10, 2021 | Domestic Workers' Rights, GTM Blog, Tax & Wage Laws
Did you know that half of U.S. states will boost their minimum wage rate at some point in 2022? Most increases will happen on January 1. Do not get caught with a costly wage violation if your nanny’s pay rate slips below minimum wage. Here is a state-by-state guide to 2022 minimum wages rates.
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.