Posts Tagged ‘help with nanny taxes’
Help! I’m a Nanny and Didn’t Get a W-2
At this time of the year we often hear from nannies with questions about taxes. If you are a nanny and haven’t received a W-2 from your employer, here are a few things you can do: 1. Ask the family if they’ve prepared your W-2 and when you can expect it. It’s entirely possible that…
Read MoreWhat Happens If I Don’t Pay Nanny Taxes?
“Not paying your nanny taxes may seem like an easy way to save some money and not have to deal with the hassles of calculating and remitting taxes. Plus, if you don’t pay nanny taxes, how is anyone going to find out? Your nanny is on board as she gets a few extra dollars in…
Read MoreFederal 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 MoreUnderstanding Nanny Taxes
Tax season has started and many of you are working on filing your taxes. TLC for Kids has received a few calls today about how to handle nanny taxes. We are not tax experts, so we recommend using Breedlove and Associates for all your household employment needs. Here is some information from Breedlove on nanny taxes. Paying…
Read More