How to Handle Year-End Nanny Taxes
Haven’t been keeping up with your household employment taxes? You could be in for a surprise. As an early gift to you, we’ll help you handle your year-end nanny taxes and maybe get you back on Santa’s nice list.
Haven’t been keeping up with your household employment taxes? You could be in for a surprise. As an early gift to you, we’ll help you handle your year-end nanny taxes and maybe get you back on Santa’s nice list.
If you’ve hired an after-school nanny, be aware that nanny tax requirements may apply even if the work is part time.
Get started now on preparing your nanny taxes. Here are the steps you (or your accountant) need to take when preparing your nanny taxes.
If a household worker, such as a nanny or housekeeper, earns $2,100 or more in cash wages in 2018, Social Security and Medicare taxes, commonly referred to as “nanny taxes,” must be paid by the family and the employee.