Hello
I use a payroll company who does all the paperwork for my nanny and taxes. Federal, Social Security and Medicare taxes are all withheld.
I am trying to figure out the section of doing my taxes now called Nanny and Household Employee Taxes. I am answering "yes" as far as reporting household employment taxes. Then i am entering her wages in (around 54K) along with the withheld federal taxes (around 5K) which I have already paid but when i enter that, my taxes swing from having a refund from federal to a huge amount due instead. Something seems way off here to me.
Do I need to "report" my household employment taxes when I have already paid them?
I got this from my payroll service 12 days ago in an email:
- We will file the following annual forms on your behalf.
- W-3 and W-2 Copy A for employees with wages.
- 1096 and 1099-NEC Copy A for contractors with wages unless you notified us online that you are filing the forms.
- 940 for Federal Unemployment Taxes as well as any required annual state forms. If you are a household employer the 940 is not required. You can access these forms under Quarterly & Annual Reports in Reports.
- If you are a household employer, we will provide a copy of the Schedule H for you to file with your personal 1040 filing. You can access the form by clicking on Reports and select W-2s, 1099-NECs W-3, 1096, Schedule H.
I feel like I am doing somehting wrong here. Thoughts? Also, when i click in the reports of my payroll company for schedule H, it still isnt available. They say it will be ready by Jan 31 so maybe its just not time yet. But where would i enter that even?
Appreciate you all
