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.
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.
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.
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.
Paid sick leave laws often include families with household help like a nanny, senior caregiver, or housekeeper. Here’s a look at what is relevant for household employers and how you can comply with these requirements.
The HERO Act requires employers in New York State, including families with household help, to develop safety plans that help prevent the spread of airborne infectious diseases in the workplace.
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