If you have household help, you probably have tax obligations

Description

Abstract: Families that employ nannies, housekeepers, health care assistants and other in-home employees need to be aware of their tax responsibilities. This article looks at the “nanny tax,” explaining that these employers don’t have to withhold federal income tax from paychecks, unless the worker asks them to. However, they may need to withhold FICA taxes and pay the employer’s share of FICA taxes, as well as FUTA.