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Nanny Tax Threshold Increases for 2021
The Social Security Administration released its 2021 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,300.
Nanny Tax Threshold Increases for 2020
The Social Security Administration recently released its 2020 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,200.
What are Nanny Taxes?
For families hiring a nanny or other employee to work in their home for the first time, the idea of nanny taxes may seem confusing or complex. Even experienced household employers could use a refresher. Understand your basic responsibilities as a household employer and get in the good graces of the IRS and your state tax agency.
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.
What Families Can Learn from GTM’s Household Employment Surveys
Recent household employment surveys provide guidance for families attracting top talent to their positions and retaining their best employees.
