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IRS Announces 2024 Employee Benefit Plan Limits
The IRS recently announced the cost-of-living adjustments for employer-sponsored retirement and employee benefit plans for 2024.
How Much are Nanny Taxes?
What can you expect to pay in taxes when you hire a nanny? While all household employers pay taxes to the IRS, your total nanny tax obligation will depend on your state. We break it all down so you can understand how much you may pay in nanny taxes.
What Dependent Care Expenses are Covered Under a DCAP?
A DCAP is an employer-sponsored program that helps you with the cost of dependent care expenses. Here are the costs that are eligible and ineligible for reimbursement under these types of plans.
How Do You Pay Taxes in a Nanny Share
As with any other household employment, taxes in a nanny share arrangement will be owed by the families and the caregiver. We’ll answer 5 key questions to give you everything you need to know about how to pay taxes when forming a nanny share.
Why You Shouldn’t Give Your Nanny a 1099
One of the most common questions (and misunderstandings) surrounding household employment is whether a family can provide their nanny a 1099 at tax time and consider them an independent contractor rather than a household employee. The short answer is “no.” Here’s why and answers to other questions you may have.
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