- What are nanny taxes?
- What are the nanny tax deadlines?
- Why should I pay nanny taxes?
- Am I required to pay nanny taxes?
- How much do nanny taxes cost the employer?
- How do I know how much to pay my nanny?
- How can I save money by paying nanny taxes?
- Can the IRS catch me if I haven’t paid nanny taxes?
- When do I pay my nanny taxes?
- Am I required to withhold federal and state income taxes?
- What are unemployment taxes?
- What are the penalties if I file withholding taxes late?
- Do I have to pay my employee overtime?
- I live in New York, do I have to pay my employee each week?
- I have a nanny on a trial basis. When do I have to start paying taxes?
- Can I hire an illegal alien?
- I’m in a nanny share, how do the taxes work?
- I am a nanny, how do I pay my taxes?
- Is Your Household Worker an Employee?
- Why Isn’t My Household Worker an Independent Contractor?
- Why Can’t I Hire My Nanny as an Independent Contractor?
- What Does the Employer Need to do to Pay Nanny Taxes?
- What Do Nannies Need to Provide to Their Family?
- What Are the Risks of Paying Your Nanny “Under the Table”?
- How Much Work Does It Take to Correctly Administer Nanny Taxes?
- What Forms and Payment are Needed to Comply with Nanny Tax Law?
What Does the Employer Need to do to Pay Nanny Taxes?
Register as an employer: You need both federal and state tax identification numbers to report and pay your nanny taxes. You get your federal employer identification number (FEIN) from the IRS and will use this number to obtain your state identification number from the appropriate tax agency in your state.
Payroll info: You need to accurately calculate your employee’s gross pay, calculate the amount of taxes to withhold from her pay, and track the corresponding employer taxes each pay period. (Use our nanny tax pay calculator to help.)
You should file state tax returns, typically on a quarterly basis although some are filed monthly or annually.
You may send estimated federal tax payments to the IRS four times per year.
You must provide your nanny with a Form W-2 by the end of January each year.
You need to file any required year-end forms with the state, as well as Form W-3 and Form W-2 Copy A with the Social Security Administration.
You need to prepare a Schedule H and file it with your federal income tax return.
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