Full Citation

Title: Who is Minding the Nanny Tax?

Citation Type: Miscellaneous

Publication Year: 2018

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Households are generally responsible for filing and remitting various federal and state employment taxes, commonly subsumed under the moniker "the Nanny Tax", when they employ domestic help, such as a nanny, senior caregiver, housekeeper, health aide, cook, or gardener. The largest of these taxes are the federal Social Security and Medicare taxes administered under the Federal Insurance Contributions Act (FICA), which are applied at a combined rate of 15.3% to the wages of any household employee who is paid more than $2,100 over the course of a year. Household employers are also responsible for federal unemployment taxes administered under the Federal Unemployment Tax Act (FUTA). Besides these federal taxes, a household employer is generally required to remit certain state payroll taxes.

Url: https://nanny.org/production/wp-content/uploads/2018/05/Who-is-Minding-the-Nanny-Tax.pdf

User Submitted?: No

Authors: Erard, Brian

Publisher:

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

Countries: United States