Yes. Per the IRS, you will need to file a W-2, W-3, and a Schedule H on your 1040 if you paid your nanny more than $2,200 for the year.
The IRS encourages you to file the W-2 and W-3 electronically. If filing electronically via the SSA's Form W-2 Online service, the SSA will generate Form W-3 data from the electronic submission. You can file electronically with the SSA at the page Employer W-2 Filing Instructions & Information.
Once your return is accepted, you will have to amend your return to file Schedule H as well. Please follow the directions on the How do I amend my 2020 return?
To file a Schedule H, Household Employment Taxes, with your return, please follow the instructions below:
- Open or continue your return in TurboTax.
- Search for sch h with the magnifying glass tool at the top of the page.
- Select the Jump to link at the top of the search results.
- Answer Yes to Did You Have a Nanny or Household Employee? and follow the instructions.
For IRS guidelines on the Schedule H, W-2, and W-3 for household employees, please see IRS Instructions for Schedule H (2020).
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