How to File Your Nanny Taxes in 2021
It’s that time of year again. Here’s what you need to know if employed someone to work in your home last year and how to file your nanny taxes in 2021.
What Should You Do if You Get an Unemployment Notice?
Received an unemployment notice that your employee has filed a claim? Not sure what to do? If you have paid your nanny legally, you have nothing to worry about. Here’s what to do with answers to some common questions.
Now More than Ever: Legal Pay is Necessary for All Household Employees
Paying household employees “on the books” is always the right and smart thing to do. The benefits and protections for families and their employees far outweigh any perceived financial savings from skirting tax and other obligations. The ongoing COVID-19 pandemic has brought all of this into crystal-clear focus.
Expanded Unemployment Benefits Available to Nannies and Other Household Employees
The recently passed CARES Act expanded unemployment insurance coverage to eligible individuals for a number of reasons related to the COVID-19 pandemic. Legally paid nannies and other household employees could apply for extended benefits if they qualify.
What Can Happen if You Don’t Pay Nanny Taxes
Who will find out if you don’t pay nanny taxes? There a number of ways to easily get caught. And, in the end, you’ll wind up paying more in fines and penalties than in the actual tax responsibility you chose to ignore.
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