Regardless of whether your household employee is full time or part time, employers are required to pay employment taxes if the employee is paid $1900 or more per year (in 2014).
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1-800-NANITAX (800-626-4829) Enroll Now Log In
Regardless of whether your household employee is full time or part time, employers are required to pay employment taxes if the employee is paid $1900 or more per year (in 2014).
Topics: household employee, household employer, nanny taxes, 1099 v w-2, household payroll tax, household payroll
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 per year requires their employer to pay what is commonly referred to as the "nanny tax."
Topics: household employee, household employer, household payroll