Smart Savings: How Dependent Care FSAs Cut Costs for Nanny and Caregiver Expenses
Nest Payroll Team Nest Payroll Team

Smart Savings: How Dependent Care FSAs Cut Costs for Nanny and Caregiver Expenses

Discover the financial benefits of Dependent Care Flexible Spending Accounts (FSAs). Learn how these tax-advantaged accounts can help you save on eligible childcare expenses, providing a strategic way to manage family finances. Dive into the details of contribution limits, eligible expenses, and the potential tax savings that come with utilizing a Dependent Care FSA. Don't miss out on maximizing your tax benefits while ensuring quality care for your dependents.

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How to Manage Household Payroll On Your Own
Household Employment, Nanny Taxes, Household Employer Guide, DIY Nanny Payroll, Domestic Worker Rights, Nanny Legal Compliance, Tax Filing Tips Nest Payroll Team Household Employment, Nanny Taxes, Household Employer Guide, DIY Nanny Payroll, Domestic Worker Rights, Nanny Legal Compliance, Tax Filing Tips Nest Payroll Team

How to Manage Household Payroll On Your Own

How to Manage Household Payroll On Your Own

Managing payroll for household employees like nannies or housekeepers can feel overwhelming, but it’s essential to ensure compliance with tax and labor laws. If you pay someone $2,800/year or more, or $1,000/quarter, you're considered a household employer, and these 12 steps outline how to do it legally. From verifying work authorization (Form I-9) and setting up an Employer Identification Number (EIN) to registering with your state, securing workers’ compensation, and withholding taxes, this guide walks you through the process.

Each step, including quarterly filings, year-end W-2s, and adherence to the Domestic Worker’s Bill of Rights, ensures you protect both your household and your employee. Tools like Nest Payroll can help streamline these requirements, making household payroll management easier than ever.

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