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Level 2
January 27, 2022
Question

Schedule H - Withholding

  • January 27, 2022
  • 2 replies
  • 73 views

Hello!

 

I'm attempting to input withholding made by my payroll company during 2021 for a nanny. Unfortunately, TurboTax does not have fields which allow me to input social security and medicare payments made during 2021 and were detailed in Schedule H completed by my payroll company. I was able to enter the "Federal income tax withheld, if any" on the Nanny and Household Employee Tax screens.

 

Any assistance you all can provide would be much appreciated.

2 replies

Level 15
January 27, 2022

 

TurboTax is automatically computing the FICA for your employee (social security is 6.2% and medicare is 1.45%)  You shouldn't need to enter these amounts, only verify what was already paid on your behalf by the payroll company if anything.

 

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otoAuthor
Level 2
January 28, 2022

Based upon my draft return, it seems as though TurboTax is significantly understating the withholding made for SS and Medicare related to my household employee. The increased amount of projected tax owed is just about equal to the amount withheld. 

AmyC
Level 15
January 28, 2022

Yes, the employee pays half and the employer pays half, That is how the tax works. See Do I have to pay taxes on what I pay to my Household Employee?

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Level 5
April 5, 2024

Oto:

 

If you haven't resolved this issue, see my posting at the bottom of the thread.