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Nanny Tax Threshold for 2016
The Social Security Administration (SSA) announced yesterday that the nanny tax threshold for 2016 will increase to $2,000, up from $1,900 this year. This affects all employers of domestic workers – if you pay your employee at least $2,000 in 2016, you are...IRS Publications for Homeowners
Here is a library of IRS publications for homeowners, covering many issues of concern. Title Publication Number Description Home Mortgage Interest Deduction 936 Includes general information on home mortgage interest, including points, how to report deductible interest...
Mileage Reimbursement Rules for Household Employers
Before a family hires a nanny, the nanny’s compensation should be discussed and detailed fully, including any mileage reimbursement that may occur. Mileage reimbursement rules apply to household employers who choose to let their nanny or other household employee use...
