1021379
I paid in cash weekly to my nanny, and it varied on how many days of the week she worked. She worked for 4 months but because of her kids getting sick or my husband or I off from work she worked her full week (4 days a week) like half the time and only worked 6 hour a day. I told her I would pay the entire 15.3% of taxes and paid her based on those taxes already taken out and put it in a savings account. I thought it would be easier.
Well now she's asking for a W-2, and I have an EIN and a business service online account, but it's asking for all these other forms to fax in like SS4 or 941, and I don't know what these even are and don't have time to get a tax person involved. Because my life was hectic with sicknesses and job hunting and a bunch of other stuff I had to wait until last minute. I don't know if I should just not provide her a W-2, or if we just file the H2 form. I'm so confused
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If you paid your household employee more than $2100 for 2019, you are required to withold and/or pay social security and medicare taxes and issue them a W2.
To get started with the Household Employee section of Turbo Tax:
1. With your return open, choose Other Tax Situations from the menu at the top.
2. Answer the section's introductory questions and answer Yes to the Household Employee question and continue to the Start for the questions related to your household employee.
3. Enter the applicable wages subject to social security and medicare tax and any federal withholding.
4. Turbo Tax will let you know if there are additional filings required after you have completed this section with the appropriate amounts for the year and quarters.
You will need to issue your employee a W2.
Your W2's can be completed in one of the business or self-employed versions of Turbo Tax (see this link Turbo Tax W2's and 1099's or forms can be purchased at office supply stores and completed manually.
I am including a link to more detailed information regarding your household employee Household Employee Tax Filing Info
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