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FEDERAL TAX WITHHOLDINGS FOR A NANNY If you are employing a nanny or caregiver and pay them $2000 or more in a calendar year, you are by definition a “household employer”. When you hit this threshold there is no option to whether or not you can pay them under the table. Which means, by law, you must pay taxes - period! So the real question becomes, how do you go about properly paying your employee and your taxes? Required Nanny Tax Withholdings As an employer, you are required to withhold Social Security and Medicare taxes. Depending on the state you [...]
When hiring a new nanny, clearly, you don't want to take any chances. Before hiring a nanny, it is vital to ask several questions, some uncomfortable ones. Good interview questions may provide insights to the nanny’s abilities and demeanor. To make the task simple here are a few nanny interview questions which you may consider before you hire. Experience and Training • How long have you been a nanny? • How old were the children you cared for? • Do you have any formal early childhood development or childcare training? • Would you be willing to take classes to further your education in childcare? [...]