@xmasbaby0 wrote:
You do not get the child and dependent care credit. The parents who paid you are the ones who can use that credit on their tax return. You have self-employment income and you have to report the amount they paid you on your own return.
@kristykuanoni808
If you are the caregiver, you received income for your services and must pay income tax. How you pay depends on whether you are considered a self-employed provider or their employee. If you provided care in your home, you are usually considered self-employed. However, if you provided care in the family's home according to their schedule, you are their household employee, not self-employed. They are required to withhold and pay household employee's tax, and issue you a W-2. (The rules are slightly different if you are also a family member.). The difference between reporting your income as a household employee or self-employed is that you will pay about 7.5% more tax as self-employed.
