New Tax Reporting Rule May Change How You Pay a Nanny or Babysitter

Feb 11, 2022 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws

Mobile payment apps like PayPal and Venmo have made financial transactions easy for any number of situations including paying a nanny or babysitter. However, a new tax reporting rule may change all that. Here’s what you and your childcare provider need to know.