Summer nanny job? Here are some tax tips.
If you or someone in your family has taken a job as a summer nanny, be sure to share these three important tax tips:
- Your employer needs to set up payroll and start paying taxes (if you earn more than $1,900) – this benefits both you and your employer .
- Keep track of your hours – know when you’re considered on duty and when you’re not.
- Stay in Touch – so your employer knows where to send your W-2.
- Create a nanny contract.
To learn more about these tips, read the full article 3 Summer Tax Tips for Nannies.
Credit to care.com
3 Summer Tax Tips for Nannies
How does being a summer nanny affect your tax responsibilities?
By Julia Quinn-Szcesuil, Contributor