DianeW777
Expert Alumni

Get your taxes done using TurboTax

No. You do not need to supply any tax form. A parent is an exception to the household employee tax requirement (so called "nanny tax"). But the income IS taxable to your parent(s), particularly if you plan to claim the child and dependent care credit.  You must use their SSNs and address when asked about your parent/caregiver.

 

A Schedule H is not required for your parent/grandparent so do not check the box for household employee.

 

Since it was done in your home your parent should follow the steps below to claim the income which eliminates the self employment tax and if combined with other income the total is above the standard deduction:

  1. Click on Wages and Income 
  2. Scroll down to Less Common Income 
  3. On Miscellaneous Income, 1099-A, 1099-C click the start button
  4. On the next screen click the start button on Other Income not already reported on Form W-2 or Form 1099
  5. Answer Yes on the next screen and enter the amount under Household Employee Wages. Enter the full amount received
  6. Continue until this section is finished.

 

 Standard deductions for your convenience:

For single taxpayers and married individuals filing separately, the standard deduction is $14,600 in 2024.

 

For married couples filing jointly or a Qualified Surviving Spouse, the standard deduction  is $29,200, and  

For head of household, the standard deduction is $21,900

  

If you're at least 65 years old or blind, you can claim an additional deduction in 2024 of:

  • $1,950 for single or Head of Household
  • $1,550 for married or Qualified Surviving Spouse.
  • If you're both 65 and blind, the additional deduction amount is doubled. 

For more information, see What's my standard deduction for 2024? 

 

@dc422

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