
Understanding Nanny Taxes and What to Pay
Part of the responsibilites of being a household employer is understanding nanny taxes – what they are and what to pay. Use this helpful guide to assist you in complying with nanny tax laws.
Part of the responsibilites of being a household employer is understanding nanny taxes – what they are and what to pay. Use this helpful guide to assist you in complying with nanny tax laws.
Families often ask for advice on handling different issues that arise when planning for summertime household employment, so let’s take a look at some of the most common concerns.
Even if you’re not being questioned by a Senate panel, you can still be exposed for paying under the table. Here are some examples of why paying nanny taxes is not just for government officials, and how anyone can be exposed for breaking the law.
Knowing and calculating the difference between gross and net pay is critical when negotiating your nanny’s pay rate. Watch a brief demonstration on how to figure out the right way to agree on a household employee’s wages.