Household Employees & The Nanny Tax

[@Nash4Nashville]

You are such a great teacher! I learn more in your 2-4 min vids than some entire chapters in financial books. Thank you!

[@MarkJKohler]

Wow! Thank you! :)

[@davidtriplett6979]

How did I miss this.....wow just knowing the flexibility available is enlightening....Thank You

[@MarkJKohler]

Thank you! Please feel free to reach out if you ever need any tax or legal assistance 435-586-9366

[@davidtriplett6979]

@@MarkJKohler Sir......your company and referrals will be my families trust entity progenitors

[@lisaratkowski1891]

Thanks for this could you also do one about hiring a caretaker for and elderly person you are caring for

[@tiffaniejones596]

Easy to understand, thank you

[@gerrilamonica2706]

FUTA tax is only .6% maximum on first $7000 for a withholding of $42 not $400.

[@venkatramanradhakrishnan489]

Thanks for the explanation but I needed further clarity on this. So if we withhold 7.65 percent of the 2100 income we shall pay the remaining 7.65 on their behalf . But if we don't withhold we may end up paying the entire 15.3 . Am I reading this right?

[@Jwa-fo6nb]

What about parttime nanny taxes?

[@BackInService]

Can I hire my 7yo son as a Household Employee (Supervise his 2yo sister while were home doing tasks) if I dont have a business? I want to pay him and open a Roth IRA for him as well so he can contribute

[@healthy_happy5651]

So, is it better for me as a babysitter to be an independent contractor since I will be in charge of creating my own activities and a schedule for a child? I am not going to apply for the unemployment benefits because it is a temporary work and I am a part-time student. So, is it beneficial for a family to hire an independent contractor? I as a babysitter will end up paying 15.3% plus federal and state taxes?

[@kristinmagnolia5536]

What happens to your employer when you fill out the s-88 tax form after given a W2 for 6 years as a nanny :/ I don’t wanna cause trouble but just found out it’s fraud :l

[@lea9904]

Any new updates on this numbers for 2022??

[@justinpammlongley2225]

what if you are the hh employee...how do i file?

[@Only1Standinn]

I can help you file as a HH EMP

[@jacquelineaz6876]

Im getting pay weekly the whole amourh without any deduction but this year They gave the W2 form and I made 55,000 total a tear 2019 without any deduction abd I git surorise that I have to pay taxes . Do the oarents of the bb has to help part of my taxes fir me???

[@robloxwithunknown5026]

So it's better to have an independent contractor?

[@Kaboomboo]

It would be easier most likely.

[@ThePeterDislikeShow]

What if you barter household services with another?

[@ThawannaPessoa]

The correct term is undocumented not illegal.

[@MarkJKohler]

What do you mean?

[@paulcalb]

Haha..if you break the law then it is illegal.

[@Kaboomboo]

No. It's illegal. You can't be a gainfully employed of you're not a citizen or on a non immigrant visa. Are you going to call a carjacker a "indefinite car borrower"? No.

[@chivimbe]

@@paulcalb the phrase is offensive

[@BillDaBurgerEater]

​@@chivimbeThen dont break the law if you dont want to deal with the consequences (and if you dragged your kids into it, they should be reminded of what kind of ppl their parents are).