Posts Tagged ‘Do I pay taxes on my babysitter?’
Federal Reporting Thresholds for Household Employers
Tax information for employers and nannies is being updated for the new year. Thanks to our friends at HomePay for this valuable information all nannies and employers should know. The earnings threshold that triggers the requirement to remit FICA taxes on a household employee’s wages will increase from $2,400 in 2022 to $2,600 in 2023.…
Read MoreWhy didn't I get a W-2?
When tax time comes around every year TLC for Kids is often asked this question…Why didn’t I get a W-2? Babysitters often times do not receive W-2’s from the families they babysit for. Nanny tax experts Breedlove and Associates share the reason why. Nannies who work for one or more families on a temporary basis usually have lots of tax…
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