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Deductions & credits
Thank you so much for the info.
My parents care for my kids in their home. They do no other services for me - just childcare in their home for my children after they get out of school until I can get there to pick them up AND on full days that school is closed and my office is not.
Knowing the above specifics, do I need to withhold medicare and social security taxes from the amount that I pay to them if I'm planning to pay them over $2400? Or was this only necessary if they perform other services?
Do I need to issue them a W/2 based on the above? I read the IRS regulations but they are SO confusing to me!
Thank you, in advance, for your help! I GREATLY appreciate it!
‎December 20, 2022
12:25 PM