Top Nanny Payroll Questions
We have helped families with their nanny payroll and tax issues for nearly 20 years. Some family and nanny questions are timeless. Here is a little of what we hear.
Tag: nanny payroll tax
Household Employee Wage Threshold Rises to $1800
Update: In 2014, the Household Employee Wage threshold increased to $1900. This means that any household employee- such as a nanny, housekeeper or elder care worker- earning $1900 or more
Nanny Taxes and the Weekly Cleaning Lady?
As families begin preparing their personal income tax returns, we are often asked whether the “nanny taxes” apply to the family’s weekly cleaning person.
Is It Risky to Skip My Nanny Taxes?
Employing a nanny is expensive. After the family’s mortgage payment, the nanny’s salary is often the biggest expense in the household. Add the cost of taxes on top of this
Nanny Social Security Rate Decrease
This is a reminder that the nanny’s (employee’s) Social Security Tax Rate is reduced to 4.2% for 2011. According to Internal Revene Service guidance, all employers must be making correct
Illinois Nanny Withholding Tax Rates Updated
Illinois Governor Quinn signed legislation on Thursday, January 13, 2011 that increased income taxes for Illinois residents.
Nanny Payroll Tax Changes for 2011
Attention nanny employers! Please make sure you recalculate your nanny’s payroll deductions prior to issuing the first 2011 payroll. There have been changes to the Social Security tax rate, the
Legislative Updates: Nanny Taxes
Several pieces of federal legislation from 2010 will impact household employers and the payroll taxes (also known as Nanny Taxes) the household employer deducts from a nanny’s pay check.