Flexible-spending accounts (FSA) offered as an employee benefit by some larger companies allow people to set aside pre-tax dollars to reimburse themselves for child-care expenses. The savings equal ...

How do you get forms and publications? Once you register with the IRS as a Household Employer and obtain an EIN, the IRS usually will send you most of the forms you need for the following year, but ...

As a Household Employer, you must keep all your records on your household employee's income and employment taxes, including Social Security, Medicare, federal unemployment taxes, federal income tax ...

Until 1994, if you paid a nanny, babysitter, a gardener, or any other household employee more than $50 in any calendar quarter, you were obligated to withhold FICA contributions from that person's ...

Filing Schedule H and Paying the Federal Government Typically, household employers are required to report to the federal government once a year at tax time (April 15th) by filing a Schedule H ...

By no later than January 30th, you are required to give a Form W-2 ("Wage and Tax Statement") to each household employee you hired the previous year. You are required to give each employee a W-2, ...

If your household employee will earn $2,600 or more this year (as of 2023), you must withhold Medicare and Social Security taxes, commonly referred to as FICA. If you will pay your household employee ...

Although the issue of compensation is generally between you and your household employee, the government sets certain minimum standards. The federal Fair Labor Standards Act (FLSA) establishes minimum ...

Once you have verified that your household employee can legally work for you, your next step is to register with the Internal Revenue Service (IRS) as a Household Employer. You do this by completing ...

Can your household employee legally work for you? This issue is all too often overlooked but should be one of the first questions you ask a potential employee. It is unlawful to employ, or continue to ...