Frequently Asked Questions About Nanny Tax Law
Do you ever have questions about tax law and your nanny? Here are a few frequently asked questions from Nanny Tax Tools to give you some answers!
One of the most common questions is, “Why should I pay the nanny tax?”
Here is a five-fold answer (click the link above to see the in-depth answers):
- There are real benefits for your nanny.
- It’s the law.
- There are tax breaks and credits.
- This site makes it relatively painless.
- Finally, it’s the right thing to do.
Another common question is, “Can I pay the nanny taxes myself?”
The answer is:
Yes, you can. But you’ll probably want to start with a nanny tax checklist.
Do you need to pay the nanny tax?
If you have a “household employee” and pay more than $1700 to any household employee, then yes, you owe Federal payroll taxes. If you pay an employee $1000 or more in any calendar quarter (3 months), then you also need to pay State and Unemployment taxes.
These are just a few of the questions available through Nanny Tax Tools. Check out the full list here.
If you need background check services, visit www.backgroundchecksfornannies.com.