I’m in a nanny share, how do the taxes work?

In a nanny share, each family becomes an employer and each pays taxes on the wages they pay to the employee. There are many things to consider when starting a nanny share including where to host, vacations, sick children and the employee’s compensation so it is best that both families and the employee address this in advance. Also, the “host” family should check with their insurance agent regarding liability and any other insurance related issues.

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