Mobile payment apps like PayPal and Venmo have made financial transactions easy for any number of situations including paying a nanny or babysitter. However, a new tax reporting rule may change all that. Here’s what you and your childcare provider need to know.
From vaccines to federal and state laws to paying household employees the right way, here are our most popular blog posts of 2021.
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.”
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.
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